Gold is Stuck at Market Uncertainty: Resistance at 2038, Support at 2006
The technical view on Gold price movements hasn't changed much. Gold has been fluctuating within the same range since the beginning of the year due to continued uncertainty in the market. The current resistance level is at 2038, while the next support level is at 2006. Gold may experience greater volatility, especially with geopolitical developments and movements in yields that may be impacted by data releases this week.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2070 |
2055-60 |
2038 |
2006 |
1975 |
1965 |