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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 against the US dollar 1.07.2024

Technical Analysis
Monday, July 01, 2024 - 10:49
Point Trader Group
Gold against the US dollar 1.07.2024

General trend: down.

Expected scenario:

The pair is trading below $2,340, which enhances the chances of a drop to $2,300-$2,290.

Alternative scenario:

The scenario changes with a break of $2340 to target $2360-2370.

The most important levels

Resistance:

2360 - 2370

Support:

2300 - 2290

  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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