Gold Reaction After PPI News

Aug 15 at 11:07
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Medlem sedan Aug 15, 2023   16 inlägg
Aug 15 at 11:07

Current Price*: Gold is trading around $3,347.17 per ounce, with a slight decrease of 0.25% in the last 24 hours.


- *Market Trend*: Gold buyers are fighting for control, aiming to extend the break above the $3,350 psychological barrier. The Relative Strength Index (RSI) remains above the midline, indicating a bullish lean.


- *Resistance Levels*: Buyers need to crack the static resistance near $3,380 to unleash additional upside, with potential targets at $3,400 and $3,440.


- *Support Levels*: Immediate support lies at the 50-day Simple Moving Average (SMA) at $3,350, followed by the 100-day SMA at $3,302.



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Medlem sedan Aug 09, 2025   11 inlägg
Aug 17 at 11:08

What is Gold's next move in coming week

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