-
Daily Oil, Gold, Silver Technical Analysis | January 05, 2024
chart The movement of gold prices today experienced quite strong buying and selling pressure on both sides. This was triggered by the announcement of US non-farm employment data. Even though it is moving with high volatility, there has been no movement out of the triangle pattern. Traders will still wait for a close outside the triangle pattern to confirm the direction of the next movement. If the price is still moving down then the $2,000 point is a good place to add to a long position. Today’s critical levels to watch: Support: $2,000, $1,950, $1,900, $1,850, $1,800 Resistance: $2,069, $2,074 Silver maintains ... (full story)