Gold Range-Bound, Resistance at 2038, Support at 2006
Gold is persisting in its range-bound price movements, facing resistance at the 2038 levels and finding support at 2006. Gold may remain under pressure as the Dollar strengthens and yields rise. However, as long as the support at 2006 holds, gold is likely to avoid a bearish territory.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2070 |
2055-60 |
2038 |
2006 |
1975 |
1965 |