GOLD (Bullish with Key level 2320)

27 giu

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.

28 giu

Nota

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

28 giu

Nota

29 giu

Nota

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...