GOLD (Bullish with Key level 2320)

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.

Commentaire:

Reached our second bullish target and there is a new update on the GOLD chart

Commentaire:

Commentaire:

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...