– I’ll be looking for potential Buys above 3639.000 targeting Strong Key Level at 3650s Leaving Runners to the Hourly Resistance formed at 3666.000.
– I’ll be looking for potential Sells below 3627.000 targeting Hourly Strong Support formed at 3615.500 Leaving Runners to the Strong Key Level around 3600s.
– Gold’s daily candle closed weakly bearish, signaling some consolidation after recent highs. On the weekly chart, gold hit an all-time high earlier in the week but has since shown signs of stagnation. Tuesday’s candle marked the peak before a rejection, Wednesday brought a modest bullish close, and Thursday’s candle edged lower. It seems like gold is forming a new range before its next breakout.