Gold Futures Poised for Gains as Uptrend Stabilizes Above 2428
Gold Futures Rise as Long-Term Outlook Remains Positive
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 and 2466 due to the high bullish volume with a correction till 2428
Bullish Scenario:
The price will touch 2450, and then should break 2450 to be a bullish trend till 2466,
Bearish Scenario:
Stabilization below 2450 could support a decline to 2428
Key Levels:
- Pivot Line: 2444
- Resistance Levels: 2454, 2466, 2475
- Support Levels: 2428, 2420, 2397
Today's Expected Trading Range is between 2428 and 2466
Tendency: Bullish trend above 2428
Technical Analysis: Gold
Current Outlook: Stabilization above 2428 means an uptrend toward 2450 and 2466 due to the high bullish volume with a correction till 2428
Bullish Scenario:
The price will touch 2450, and then should break 2450 to be a bullish trend till 2466,
Bearish Scenario:
Stabilization below 2450 could support a decline to 2428
Key Levels:
- Pivot Line: 2444
- Resistance Levels: 2454, 2466, 2475
- Support Levels: 2428, 2420, 2397
Today's Expected Trading Range is between 2428 and 2466
Tendency: Bullish trend above 2428
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