GOLD has been trading in a bearish trend.
Previous day gold took the biggest jump since early March 2022 from its 2years low as DXY printed biggest daily fall since March 2020.
Now gold is trading at support level previously acts as resistance.
The bulls may face resistance at upper boundary of channel. While break above channel will lead bulls towards 1669 and 1684.
While break below support will give control to bears and price may drag to support zone (1610-1615).
Manage your levels accordingly.
Previous day gold took the biggest jump since early March 2022 from its 2years low as DXY printed biggest daily fall since March 2020.
Now gold is trading at support level previously acts as resistance.
The bulls may face resistance at upper boundary of channel. While break above channel will lead bulls towards 1669 and 1684.
While break below support will give control to bears and price may drag to support zone (1610-1615).
Manage your levels accordingly.
