Gold Finds Support at Key MA Levels

Gold is currently being supported by the 100/200MA levels, which have also acted as resistance twice before. This position creates a confluence area where the price is likely to be rejected and come back toward the 1947 resistance. Despite this, the outlook for gold remains positive, considering the fundamental factors. Gold is expected to increase in value if today's CPI comes in lower than expected.

Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
1980	1965	1947	1937	1920	1902