Gold futures have recovered some of its losses from its recent pullback after breaking the downtrend at 1562.00 and now faces another challenge at 1578.00 which is an active price point in the past, and I am expecting the same challenge this time around. My long signal is still intact but will be watching closely for any signs of a pullback.
Gold futures could continue to its next target at 1584.00 and 1593.00 if it remains above 1578.00. Support is at around 1573.00, 1568.00, and 1562.00
Gold futures could continue to its next target at 1584.00 and 1593.00 if it remains above 1578.00. Support is at around 1573.00, 1568.00, and 1562.00
