Gold Price Stalls Below $4,420 as Resistance Holds Firm
Gold fell back from $4,450 and is struggling to break above $4,420. Technical indicators show resistance at $4,360 and a bearish trend line, with support at $4,250.
Gold Market
Gold fell back from $4,450 and is struggling to break above $4,420. Technical indicators show resistance at $4,360 and a bearish trend line, with support at $4,250.
An analyst suggests gold could reach the $4800-$5000 resistance zone, but a short-term pullback of 5-7% is possible. Silver and the GDX ETF may fall 10-20%.
Gold has broken through the $4,300 resistance level, according to technical analysis in the latest Gold SWOT report. The next major price threshold is now $4,500.