Technically, gold prices reached the levels of 2069 dollars per ounce on the four-frame, and began with a strong decline, to stabilize again below 2000 levels.
Trades remain the highest important levels at 1960, the technical outlook remains positive to start a new rise, the expected targets in case the 1960s remain above the current resistance levels at 2000 and later 2050.
But if prices continue to decline and stabilize below 1960, we expect to target the support levels at 1925 and later 1887.
resistance levels
2000
2050
Support levels
1960
1925
Trades remain the highest important levels at 1960, the technical outlook remains positive to start a new rise, the expected targets in case the 1960s remain above the current resistance levels at 2000 and later 2050.
But if prices continue to decline and stabilize below 1960, we expect to target the support levels at 1925 and later 1887.
resistance levels
2000
2050
Support levels
1960
1925