SroshMayi

GOLD (Toward downside)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
GOLD New Forecast

The price of GOLD has adjusted back to its resistance level and is now poised to drop back down to 2302. A further bearish phase could be triggered if it breaks below 2302, potentially falling to 2278.

Conversely, for an upward trend to be established, the price should remain stable above 2234, potentially rising to 2242 and then 2258.

Pivot Price: 2327
Resistance price: 2342, 2357, 2369
Support price: 2302, 2278, 2260

The expected trading range for today is between support 2278 and Resistance 2334

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