Resistance - 1283, 1295, 1303
Support - 1263, 1253, 1247
Support - 1263, 1253, 1247
- Gold's weak closing today despite having closed above $1283 levels on Friday would shift risk in favor a drop to $1263 levels.
- If breached, support at $1253 (flag support + 23.6% of Dec low-May high) would signal short-term bullish invalidation.
- On the higher side, break above $1283 is essential if prices have to re-test $1300-1303 levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.