Gold Correction Amid Dollar Strength, Bulls Remain Optimistic
Gold experienced a correction yesterday following CPI data that supported the Dollar and Treasury yields. Despite this, the correction appears to be constrained as markets anticipate additional data. Gold remains in a bullish stance and is positioned to advance further. The next resistance level is set at 2200, with potential support identified around the 2140-45 range.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
2300 |
2250 |
2200 |
2140-45 |
2088 |
2055-60 |