GOLD 12-1-2024

Technical Analysis

By Shady Fouad On Jan 12, 2024

GOLD 12-1-2024.

It is noticeable that prices are approaching the descending trendline, and the anticipated point of intersection is in the range of 2040. It is expected that prices might decline from these levels. However, in the event of a breakout above that range, we may test the zone around 2060.

Support	2025	2015	2000
Resistance	2040	2050	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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