Gold's Bullish Momentum:Eyes on 2342 Amid Strong Support at 2320

Technical Analysis: Gold


  • Current Outlook:
    The trend remains bullish today, with the price stabilizing above 2320. As long as it stays above these levels, it is expected to reach 2337 and 2342.

  • Bullish Scenario:
    As long as the price trades above 2320, it is likely to maintain a bullish trend towards 2342.

  • Bearish Scenario:
    A 4-hour or 1-hour candle closing below 2320 would indicate a downtrend, with the price expected to trade in the bearish zone between 2302 and 2320.

  • Key Levels:
    - Pivot Line: 2320
    - Resistance Levels: 2335, 2342, 2357
    - Support Levels: 2311, 2303, 2392

  • Today's Expected Range:
    The price is anticipated to move between the support at 2302 and the resistance at 2342.
GoldgoldlongSupply and DemandSupport and ResistancetrendTrend AnalysistrendingXAUUSD

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