Gold Shows a Head and Shoulders Pattern with the Next Support at 2332
The price of gold is showing a head and shoulders pattern on its daily chart, which indicates a possible reversal, but further confirmation from fundamentals is needed. In the short term, the next support is at the 2332 level; if the price falls below this, the next support is at 2320.
Resistance 3 | Resistance 2 | Resistance 1 | Support 1 | Support 2 | Support 3 |
2395 | 2375 | 2362 | 2346 | 2332 | 2320 |