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Gold 8.10.2024
General Trend: Sideways
Expected Scenario:
The price is expected to continue moving sideways between the support at 2623.31 and resistance at 2670.21. If the support at 2623.31 is broken, we may see further downside movement.
Alternative Scenario:
If the price breaks the resistance at 2670.21, the upward move could extend towards 2700.00.
Key Levels:
Resistance: 2670.21 – 2700.00
Support: 2623.31 – 2600.00
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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