Gold Latest Technical Forecast: $1840-$1835 Goes to $1868-$1878
As Dollar Index climbs to 104.46 Gold comes under pressure dropping to $1842
If Gold sustains below $1844-$1842 there is possibility of further decline to $1840-$1835 and even $1828
As Fed Chair J Powell testifies, we may witness increased volatility in Dollar and Gold.
If Gold manages to hold above support zone, we may see buyers coming and a rebound may
start aiming $1858 and $1868 with further upside momentum for $1878 resistance
Note: This projection is purely based on Technical structure and price action. This is not a Trading advice.
If Gold sustains below $1844-$1842 there is possibility of further decline to $1840-$1835 and even $1828
As Fed Chair J Powell testifies, we may witness increased volatility in Dollar and Gold.
If Gold manages to hold above support zone, we may see buyers coming and a rebound may
start aiming $1858 and $1868 with further upside momentum for $1878 resistance
Note: This projection is purely based on Technical structure and price action. This is not a Trading advice.