Gold Slips but Holds Near Record Levels Amid Fed Policy Easing
Gold price Slip But remains close to Record Levels on Fed Policy Easing
As long as the price remains below $2,629, it is likely to test $2,615 and $2,605. In general, stability below $2,615 would signal a bearish move towards $2,588. Conversely, a sustained position above $2,630 would confirm a bullish trend targeting $2,640 and $2,655.
Key Levels:
Pivot Point: 2629
Resistance Levels: 2640, 2655, 2670
Support Levels: 2615, 2605, 2593
Trend: Bearish as long as the price remains below 2629
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