Live Updates > Live Update Details
2025-09-19 11:19:06
【Technical Analysis: Spot gold may fall to the range of $3596 to $3617】 1. Spot gold may fall below the support level of $3630 per ounce and fall to the range of $3596 to $3617. 2. The five-wave cycle that started at $3311 has ended. It is expected that the gold price will retrace to the bottom of wave (4) near $3617. A small wave c is unfolding, moving towards $3610, assuming it is roughly equal to wave a. 3. The current resistance level is $3650, and breaking through this resistance level may push the price up to the range of $3667 to $3684. On the daily chart, both price action and RSI show that the five-wave cycle has been completed. 4. The current retracement is expected to be deeper. It observes a series of predicted levels in the uptrend since $3246. The retracement analysis of the uptrend since $3310 shows that the target area is wider, $3461 to $3554.
