Gold's Bullish Momentum:Eyes on 2342 Amid Strong Support at 2320
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 2342.
- Bullish Scenario:
As long as the price trades above 2320, it is likely to maintain a bullish trend towards 2342.
- 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 2320.
- Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2335, 2342, 2357
- Support Levels: 2311, 2303, 2392
- Today's Expected Range:
The price is anticipated to move between the support at 2302 and the resistance at 2342.
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