Daily analysis

As shown in the technical chart, the RSI and stochastic indexes have turned back from the overbought area, and the short-term gold price tends to make further adjustments. The closer support is expected to be $2,605 and $2,588, and the next level refers to the 100-day average of $2,567. The fall in gold prices in the middle of this month also happens to be supported at the 100-day average. The key is that in 2535, from the bottom of the consolidation from May to June to the bottom of $2,280 to the end of last month, it will reach a cumulative increase of $510, and half of it will be $255 to $2,535. As for the current closer resistance, let’s look at $2,635 and $2,660, and the next level is estimated at $2,690.