Enze: Key resistance at 5255, Du Kong's watershed is clear



Currently, the primary resistance for gold prices is at 5255. The corresponding key downtrend line also forms at this level, making it a short-term Du Kong critical watershed.

If the gold price can hold above 5255, it will open up room for a rebound, initially targeting 5420; breaking through this level could extend the upward move to 5500, with further strength testing 5650.

If the upward movement is blocked, gold prices will continue to decline. Short-term support is at 5125, with the core support zone around 5080; once it falls below 5080, the decline will accelerate, and the price may test the 5000 level below.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)