Gold current price at 10’o Clock on 13/Fab/2024 = $2019
| Strong Resistance Zones | Strong Support Zones |
| 1st Gold Resistance Area = 2025 – 2027 2nd Gold Resistance Area = 2035 – 2037 3rd Gold Resistance Area = 2054 – 2058 | 1st Gold Support Area = 2012 – 2008 2nd Gold Support Area = 2003 – 2000 3rd Gold Support Area = 1993 – 1990 |
Gold XAUUSD broke the support as we wait for US Core Inflation Rate on Tuesday. We should therefore have resistance at 2023/26 & shorts need stops above 2029. Shorts can target support at 2013/11. Longs here stop below 2009. A break lower however can target 2003/2000, perhaps as far as 1990.
A break above 2029 is a buy signal targeting 2032/33 but maybe no further. A break above 2035 however targets 2038.
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