Gold Maintains Bullish Momentum Eyes on 2723 with Retest
Gold Maintains Bullish Momentum, Eyes on 2723 with Retest Potential
The price has successfully reached our target after stabilizing above 2685 and is continuing its upward move towards 2723. A retest at 2697 or 2692 is possible.
A 4-hour candle close above 2710 would confirm a move towards 2723. Conversely, a close below 2705 could trigger a pullback towards 2697.
Key Levels:
Pivot Point: 2710
Resistance Levels: 2723, 2730, 2741
Support Levels: 2701, 2691, 2677
Trend Outlook:
Bearish: Below 2697
Bullish: Above 2710
The price has successfully reached our target after stabilizing above 2685 and is continuing its upward move towards 2723. A retest at 2697 or 2692 is possible.
A 4-hour candle close above 2710 would confirm a move towards 2723. Conversely, a close below 2705 could trigger a pullback towards 2697.
Key Levels:
Pivot Point: 2710
Resistance Levels: 2723, 2730, 2741
Support Levels: 2701, 2691, 2677
Trend Outlook:
Bearish: Below 2697
Bullish: Above 2710
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