Gold Seeks Direction Around 2027 Support, Awaits Breakout Toward 2070 Level
Gold corrected towards the 2027 support level and the 0.5 Fibonacci retracement. The precious metal is awaiting further developments to determine its direction, with the challenge poised at the 2070 level. A daily and weekly break above 2070 could pave the way for continued upward movement, potentially reaching new record highs for gold.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2126 |
2085 |
2070 |
2027 |
2006 |
1979 |