GOLD

Traders are now waiting to see if the decline in the dollar will be sustained, or just another blip before more upward movement. The factors that boosted the greenback- elevated inflation and a hawkish Federal Reserve- are still in play.

As long as the GOLD price stays above 1650 on a four-hourly basis, we will see the main level at 1667. On the other hand, if the price moves down 1650, the next level will be at 1638.


Support: 1650 - 1638
Resistance: 1667 -1684

29 Sep 22 (Thu)

01:27 pm