Today's gold prices continue to enjoy support, with an increase to around $2030.
Current Situation:
The gold market has recently broken free from a downward trend, indicating potential momentum shifts. However, it's common for the market to experience retracements following such breakthroughs.
Forecast:
A slight pullback towards the trendline's support level is anticipated. Our focus is particularly on marked order blocks, with key support levels expected around $2024 and lower at about $2015. Once support is established, gold will seek confirmation through bullish candlesticks.
Technical Targets:
Assuming the support holds firm and the precious metal receives confirmation of upward momentum, the technical targets are set at $2036 and $2055, respectively.
Current Situation:
The gold market has recently broken free from a downward trend, indicating potential momentum shifts. However, it's common for the market to experience retracements following such breakthroughs.
Forecast:
A slight pullback towards the trendline's support level is anticipated. Our focus is particularly on marked order blocks, with key support levels expected around $2024 and lower at about $2015. Once support is established, gold will seek confirmation through bullish candlesticks.
Technical Targets:
Assuming the support holds firm and the precious metal receives confirmation of upward momentum, the technical targets are set at $2036 and $2055, respectively.
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