GOLD FORECAST
The current analysis indicates a Bearish trend for XAUUSD, provided it stays above the PIVOT LINE at 2360 as we mentioned before. The prevailing Bearish pressure suggests that if trading remains below 2360, the trend will continue a strong downward.
The price is expected to rise to 2376, and stabilizing below 2360 could lead to a further decrease to 2344 and 2330.
Key Levels:
Bullish Line: 2376, 2397, 2412
Pivot Line: 2360
Bearish Line: 2344, 2330, 2306
The price is expected to rise to 2376, and stabilizing below 2360 could lead to a further decrease to 2344 and 2330.
Key Levels:
Bullish Line: 2376, 2397, 2412
Pivot Line: 2360
Bearish Line: 2344, 2330, 2306
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