1900 gold is coming Gold technical outlook
Gold is on track to potentially revisit its recent low of $2,536 from mid-November. If prices dip further, the next targets could be the September low of $2,471 ahead of the key 200-day Simple Moving Average (SMA) at $2,397. If this zone fails to hold, additional downside could aim for $2,353 (July low), seconded by the June low of $2,286 and May’s low of $2,277. Breaking through these levels might pave the way for a deeper move toward the March low of $2,146 and possibly the 2024 bottom at $1,984 seen on February 14.