Gold Technical Analysis
The price remains in bullish momentum while trading above 2722, with the next bullish target at 2739.
A 4-hour candle close above 2739 would strengthen the bullish trend, paving the way for a move toward 2756. On the other hand, if the price stabilizes below 2718, it could drop to 2706, and a 4-hour candle close below 2706 would confirm a bearish move toward 2689.
Key Levels:
Pivot Point: 2731
Resistance Levels: 2739, 2756, 2774
Support Levels: 2720, 2706, 2689
Trend Outlook:
Bullish Trend: Above 2722
Bearish Trend: Below 2706