GOLD 9-1-2024

Technical Analysis

By Shady Fouad On Jan 9, 2024

GOLD 9-1-2024.

Prices are trading above a crucial support level, tested the zone around 2020 and rebounded from it. There is a likelihood that prices will continue their upward movement, targeting levels around 2050. However, if the support zone mentioned earlier is broken downward, we might see a shift in sentiment, potentially targeting 1975.

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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