Gold Faces Resistance at 2130 Level
Gold continues its strong bullish momentum but is encountering resistance at the 2130 level, which also represents the 1 Fibonacci extension level. Fundamentally, gold is largely supported, particularly as the Fed is anticipated to cut rates, possibly in June.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2160 |
2146 |
2130 |
2088 |
2055-60 |
2038 |