GOLD (Bullish trend toward 2338 & 2357)
Technical Analysis: Gold
Current Outlook:
The trend remains bullish today, with the price stabilizing above 2320. As long as it stays above these levels, it is expected to reach 2337 and 2357.
Bullish Scenario:
As long as the price trades above 2321, it is likely to maintain a bullish trend towards 2357. A break above 2338 could extend the bullish trend to 2357.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2320 would indicate a downtrend, with the price expected to trade in the bearish zone between 2302 and 2292.
Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2338, 2357,2385
- Support Levels: 2311, 2302, 2292
Today's Expected Range:
The price is anticipated to move between the support at 2311 and the resistance at 2338, with a bullish tendency.
Current Outlook:
The trend remains bullish today, with the price stabilizing above 2320. As long as it stays above these levels, it is expected to reach 2337 and 2357.
Bullish Scenario:
As long as the price trades above 2321, it is likely to maintain a bullish trend towards 2357. A break above 2338 could extend the bullish trend to 2357.
Bearish Scenario:
A 4-hour or 1-hour candle closing below 2320 would indicate a downtrend, with the price expected to trade in the bearish zone between 2302 and 2292.
Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2338, 2357,2385
- Support Levels: 2311, 2302, 2292
Today's Expected Range:
The price is anticipated to move between the support at 2311 and the resistance at 2338, with a bullish tendency.
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