Gold Rebounds on Risk-Off: Eyes Set on 200 MA at 2038
Gold is rebounding today due to risk-off sentiment. The next resistance and target is the 200 MA on the 4H chart, which is at 2038. Additionally, it is also the upper parallel of the current short-term down channel.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
2070 |
2052 |
2038 |
2006 |
1975 |
1980 |