GC: Technical Analysis of Gold Futures (Daily)

26 Eyl

Gold is showing a strong bullish bias, confined within an ascending channel. While the price is nearing the channel's resistance, there is a potential for an upside breakout. A move above this level could propel the price towards the next resistance area, ranging from 2735.4 to 2744.5. However, as with any market, there is inherent uncertainty.


Key levels to watch:

Strong resistance: 2735.4 TO 2744.5
Potential weekly support: 2644

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