GOLD (Sensitive Zone)

On Thursday, gold GOLD prices declined as investors analyzed the likelihood of the U.S. Federal Reserve easing monetary policy this year. This reassessment came after the Federal Reserve noted that inflation progress has halted, suggesting that interest rates might remain elevated for an extended period.

technically side:
There are two possible scenarios for the price: In the first scenario, if the price remains stable above 2302, this will support a bullish trend aiming for targets of 2314 and 2327. However, this bullish scenario requires the price to stabilize and be confirmed with a 4-hour candle close. In the second scenario, if the price stabilizes below 2302 and closes the 4-hour candle below this level, it indicates a downtrend with potential targets at 2282 and 2278.


Pivot Price: 2302
Resistance Levels: 2315, 2327, 2342
Support Levels: 2290, 2278, 2260

Today's anticipated trading range is between the support level at 2278 and the resistance level at 2327.