Gold Technical Analysis
The trend is upward today, targeting 2706. The price is expected to consolidate between 2678 and 2706 until the release of the CPI results tomorrow.
Bullish Scenario: As long as the price trades above 2678, it is likely to test 2706.
Bearish Scenario: If the price stabilizes below 2678, it could turn bearish, targeting 2665.
Key Levels:
Pivot Point: 2678
Resistance Levels: 2706, 2720, 2739
Support Levels: 2665, 2653, 2623
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