GOLD/ Uptrend Poised for Continuation

130
The price is currently testing the last high zone, which ranges between 2732 and 2757. This zone serves as a significant resistance level; however, the ongoing bullish momentum suggests that the price is poised to challenge it.

Today's expectation: The price is likely to rise further toward this zone, supported by strong upward momentum. A decisive breakout above the 2732 - 2757 zone would confirm the continuation of the uptrend, potentially opening the way for higher levels as buying pressure intensifies.

If the price struggles to break through immediately, a temporary consolidation or minor pullback might occur. However, as long as the price remains above key support levels, the uptrend remains intact, and buyers are likely to continue pushing toward and beyond the resistance zone.

Tendency Keys: 2737
Resistance Line: 2737, 2757, 2787
Support Line: 2696, 2666, 2636

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.