GOLD / Bullish Outlook Toward 2706 Ahead of CPI Data
Gold Technical Analysis
The trend is upward today, targeting 2706. The price is expected to consolidate between 2678 and 2706 until the release of the CPI results tomorrow.
Bullish Scenario: As long as the price trades above 2678, it is likely to test 2706.
Bearish Scenario: If the price stabilizes below 2678, it could turn bearish, targeting 2665.
Key Levels:
Pivot Point: 2678
Resistance Levels: 2706, 2720, 2739
Support Levels: 2665, 2653, 2623
The trend is upward today, targeting 2706. The price is expected to consolidate between 2678 and 2706 until the release of the CPI results tomorrow.
Bullish Scenario: As long as the price trades above 2678, it is likely to test 2706.
Bearish Scenario: If the price stabilizes below 2678, it could turn bearish, targeting 2665.
Key Levels:
Pivot Point: 2678
Resistance Levels: 2706, 2720, 2739
Support Levels: 2665, 2653, 2623
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~6 analyses per day. With a clear entry point
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