Daily Technical Report 11-9-2024

Technical Analysis

By Shady Fouad On Sep 11, 2024

GOLD

Gold broke above the $2505 level, reaching the resistance zone near $2530. If this resistance is breached upwards, the upward trend may continue, forming new highs. However, it is likely that prices will move sideways between the mentioned resistance zone and the support area near $2505 in today’s trading.

Support	2505	2485	2475
Resistance	2530	2560	–

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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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