Gold confirm chart
Gold needs acceptance above $2,530 for a fresh uptrend
Gold price has entered a phase of upside consolidation above $2,500, as buyers await fresh catalysts for a fresh leg higher. The focus now shifts to the mid-tier US housing and sentiment data, as the Middle East tensions seem to ease.
Gold now buy 2508
Support 2520
Support 2530
Resistance 2500
Resistance 2490
Gold price has entered a phase of upside consolidation above $2,500, as buyers await fresh catalysts for a fresh leg higher. The focus now shifts to the mid-tier US housing and sentiment data, as the Middle East tensions seem to ease.
Gold now buy 2508
Support 2520
Support 2530
Resistance 2500
Resistance 2490
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