GOLD 17-1-2027

Technical Analysis

By Shady Fouad On Jan 17, 2024

GOLD 17-1-2027.

Prices have declined from the crucial resistance level in the range of 2060 and are currently trading around the significant support zone at 2020. It is likely that prices may rebound again to the upside from this support level. However, if the support zone mentioned is broken to the downside, we could target the level around $2000.

Support	2020	2015	2000
Resistance	2025	2040	2060

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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