Gold price tests $2600 support! If it falls below, it will further decline towards the 100 day moving average

2024-11-26 2371

On Monday, the upward trend of gold prices stopped as selling pushed the price below $2700 and pulled it down to below $2630.

According to market analysts, if bears cause gold prices to fall below $2630, the next support level will be $2600. If it is breached, the gold price will fall towards the 100 day moving average (currently at $2565.76), followed by the low of $2536 on November 14th.

If the buyer recovers the 50 day moving average, the gold price may challenge $2700. Once breached, the next target will be $2750, followed closely by a historical high of $2790.

Oscillatory indicators such as the Relative Strength Index (RSI) have turned bearish, indicating that sellers are currently dominant.

Daily chart of spot gold

Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/337304.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights

Please sign in

关注我们的公众号

微信公众号