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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

GOLD 17.9.2024

Technical Analysis
Tuesday, September 17, 2024 - 10:18
Point Trader Group
GOLD 17.9.2024

General Trend: Bullish

Expected Scenario:

The price is expected to continue rising as long as it remains above key support levels, especially at 2470. If the upward momentum continues, gold could target higher levels, such as 2575 as the next goal.

Alternative Scenario:  

If a downward correction occurs and the support at 2470 is broken, the price may target lower support levels at 2417 and 2400. If these levels are breached, a larger decline in the market might be seen.

Key Levels:

- Resistance: 2575 - 2600

- Support: 2470 - 2417

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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