XAUUSD IDEA
Today all eyes are on GDP and initial jobless claims.
Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581.
Resistance levels: 2620, 2630, 2636
Support levels: 2616, 2612, 2603
After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2633 and subsequent consolidation of the price below these zones may lead to further decline.
Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581.
Resistance levels: 2620, 2630, 2636
Support levels: 2616, 2612, 2603
After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2633 and subsequent consolidation of the price below these zones may lead to further decline.
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