Gold Breaks Resistance: Target $2360 Expected
Gold Movement Analysis
Date of Analysis: 03rd July 2024
Key Levels:
Previous Resistance: $2348
Next Target: $2360
Current Situation:
In our last analysis, we anticipated a significant drop in gold prices. However, in the H1 chart, gold has broken through the resistance level of $2348.
Expected Movement:
We now expect gold to rise to $2360. From there, a potential downtrend might occur.
Conclusion:
The breakout above $2348 suggests a bullish trend towards $2360, from where a possible decline might follow. Keep an eye on these levels and stay informed with our daily updates on social media.
Date of Analysis: 03rd July 2024
Key Levels:
Previous Resistance: $2348
Next Target: $2360
Current Situation:
In our last analysis, we anticipated a significant drop in gold prices. However, in the H1 chart, gold has broken through the resistance level of $2348.
Expected Movement:
We now expect gold to rise to $2360. From there, a potential downtrend might occur.
Conclusion:
The breakout above $2348 suggests a bullish trend towards $2360, from where a possible decline might follow. Keep an eye on these levels and stay informed with our daily updates on social media.
Trade closed: target reached
Gold reached $2360
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.
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.