Metal Prices Mixed; Gold Flat as Investors Rotate into ETFs
Technical Analysis: Gold
Current Outlook: It looks like consolidating between 2397 and 2387.
Bullish Scenario:
Stability above 2397 could extend the bullish trend towards 2408 and above 2420
Bearish Scenario:
Stabilization below 2397 could support a decline to 2387 and should break 2387 to be downward till 2378 and 2365.
Key Levels:
- Pivot Line: 2397
- Resistance Levels: 2408, 2420, 2428
- Support Levels: 2387, 2378, 2365
Today's Expected Trading Range is between 2387 and 2420,
Tendency: Bullish trend Volume with some correction.