Gold: Bullish Breakout and Correction Possibilities
Gold Technical Analysis
The price has stabilized in the bullish zone after breaking above 2665. As we mentioned earlier, stability above 2665 would lead to a move towards 2678. The price has already broken 2678, indicating that the bullish trend is likely to continue towards 2690 and 2706.
However, there is a possibility of a correction, which could bring the price back to 2672 or 2665.
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