Gold price target was 2010-2035 a few weeks ago and was just shy at 2009 then tested 2004 and slowly faded away, Friday closed at 1992 and continued lower to 1957.
1970-1950 = support zone, price is here already, potential to consolidate here then continue lower to next support zone 1940-1910.
Upside resistance= 1975-1982 consolidation.
Should price continue below 1956-1950 then 1940-1910 next price support.
Break out above 1975-1982 then expect 1995-2009 or higher to 2030-2040 and beyond.
1970-1950 = support zone, price is here already, potential to consolidate here then continue lower to next support zone 1940-1910.
Upside resistance= 1975-1982 consolidation.
Should price continue below 1956-1950 then 1940-1910 next price support.
Break out above 1975-1982 then expect 1995-2009 or higher to 2030-2040 and beyond.
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