GOLD (Reached our target and still...) 2302 Key level

26 giu

Technical Analysis: Gold

The price dropped and broke the 2320 then continued the bearish trend and is still running to get the last price we mentioned for today which is 2302

• Current Outlook:
  The price is expected to consolidate between 2320 and 2302 until a breakout occurs. The initial movement is anticipated to target the 2302.
  
  
• Bullish Scenario:
  To initiate an uptrend, the price must be stable above 2320, potentially moving towards 2320. Stability above 2320 would also support a bullish push, with the price fluctuating between 2337 and 2342.
  
  *Bearish Scenario:
  The current downtrend from 2310 and 2312 is expected to target 2302. A 4-hour or 1-hour candle closing below 2302 would confirm a bearish trend, with the price anticipated to trade in the bearish zone between 2302 and 2292. and under that means will touch 2275
  
  *Key Levels:
  - Pivot Line: 2311
  - Resistance Levels: 2320, 2337, 2342
  - Support Levels: 2292, 2273, 2262
  
  *Today's Expected Range:
  The price is anticipated to move between the support at 2273 and the resistance at 2320.
  
  previous idea: