GOLD (Gold stalls as investors await U.S. data for Fed cues)

GOLD New Forecast

Gold prices remained steady on Thursday amid quiet trading, with many European markets closed for a holiday. Investors are awaiting U.S. data that may provide insights into possible interest rate cuts by the Federal Reserve.

technically:

As previously forecasted, the price has declined and reached our target level of 2037.

Currently, the price is poised to consolidate within the range of 2327 and 2302 before any breakout occurs. Presently, there remains bearish pressure, and as long as trading continues below 2327,
the price will try to touch 2327 and then should stabilize under it to get 2302 as well,

Pivot Price: 2319
Resistance Levels: 2327, 2342, 3257
Support Levels: 2307, 2295, 2278

Today's anticipated trading range is between the support level at 2294 and the resistance level at 2333.

previous idea: