Yesterday was a pretty volatile day for gold, with the price briefly dropping to 2615.
However, bulls quickly regained control, pushing the price back above the 2635–2640 support zone and establishing a higher low in the broader trend.
Currently, the price is stable above this key support level and is challenging interim resistance at 2650.
A successful break above this resistance could open the door for a move toward 2680, with further upside targets at the significant 2700 level and the technical resistance at 2715.
I remain bullish as long as yesterday's low at 2615 remains unbroken.
However, bulls quickly regained control, pushing the price back above the 2635–2640 support zone and establishing a higher low in the broader trend.
Currently, the price is stable above this key support level and is challenging interim resistance at 2650.
A successful break above this resistance could open the door for a move toward 2680, with further upside targets at the significant 2700 level and the technical resistance at 2715.
I remain bullish as long as yesterday's low at 2615 remains unbroken.
Trade closed: target reached
2680 first target reached
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.