Gold Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold is currently in a consolidation phase, trading sideways between strong support at 3885.00 and immediate key resistance at 4005.66. The market's next direction depends on breaking this range. In a bullish scenario, a decisive 4-hour close above 4005.66 would signal a potential move higher, with the next resistance targets at 4074.15 and then 4129.49. Conversely, in a bearish scenario, if the price fails to break the 4005.66 resistance and is rejected, it will likely fall back down to retest the 3885.00 support.



Conversely, in a bearish scenario, if the price fails to break the 4005.66 resistance and is rejected, it will likely fall back down to retest the 3885.00 support.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.