Gold Eyes Bullish Breakout Above 2,738 Key Levels in Focus
GOLD Technical analyze
The price completed its bearish correction and has now pushed upward, as previously noted.
Gold needs to break above 2,738 and close either a 4-hour or 1-hour candle above this level to confirm a bullish trend, targeting 2,753, with further potential to reach 2,775.
However, if it fails to break 2,738 and closes the next 4-hour candle below this level, particularly below 2,731, it is likely to decline towards 2,719 and 2,710.
Key Levels:
Pivot Point: 2739
Resistance Levels: 2753, 2765, 2775
Support Levels: 2731, 2720, 2710
Trend Outlook:
Bearish: By stability Below 2731
Bullish: Above 2739
The price completed its bearish correction and has now pushed upward, as previously noted.
Gold needs to break above 2,738 and close either a 4-hour or 1-hour candle above this level to confirm a bullish trend, targeting 2,753, with further potential to reach 2,775.
However, if it fails to break 2,738 and closes the next 4-hour candle below this level, particularly below 2,731, it is likely to decline towards 2,719 and 2,710.
Key Levels:
Pivot Point: 2739
Resistance Levels: 2753, 2765, 2775
Support Levels: 2731, 2720, 2710
Trend Outlook:
Bearish: By stability Below 2731
Bullish: Above 2739
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