
Technical Analysis of Global Gold Ounce – 30th dec to 3rd jan
Global Gold Analysis (Daily Time Frame) In the past week, considering the end of the year, it was expected that the markets would lack significant movement and stay within a range. Global gold prices also ended the trading week within a range. Main Scenario: Given the previous downward leg and the inability of the price to recover the 2651 level last week, the primary expectation is that the 2584 level will be broken, and gold will reach a lower support level of around 2536. Alternative Scenario: If the above scenario doesn’t materialize and the 2651 to 2655 range is regained, gold