GOLD (Bullish with Key level 2320)

已更新
Technical Analysis: Gold

The price reached our fully bearish support which is 2292 as we mentioned and reversed, again...

  • Current Outlook:
    The trend remains bullish today, with the price stabilizing above 2302. As long as it stays above these level, it is expected to reach 2323 and 2337.

  • Bullish Scenario:
    As long as the price trades above 2302, it is likely to maintain a bullish trend towards 2320. then to start the next bullish area should break 2323 to get 2338, A break above 2338 could extend the bullish trend to 2357.

  • Bearish Scenario:
    A 4-hour or 1-hour candle closing below 2302 would indicate a downtrend, with the price expected to trade in the bearish zone between 2292 and 2278.

  • Key Levels:
    - Pivot Line: 2302
    - Resistance Levels: 2323, 2337, 2357
    - Support Levels: 2292, 2278, 2260

  • Today's Expected Range:
    The price is anticipated to move between the support at 2292 and the resistance at 2338, with a bullish tendency.
注释
Reached our second bullish target and there is a new update on the GOLD chart
注释
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注释
Here is our new projection for GOLD

Still, we expect bullish as long as trades above 2320 to get 2337 and 2342

we will update you for the next week...

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GoldSupply and DemandSupport and ResistancetrendTrend AnalysisUSDXAUXAUUSD

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