GOLD → The target is the same. Waiting for a breakout

9 Apr 2024

XAUUSD continues to grow. Yesterday there was an emphasis on the liquidity area located near the previously broken channel boundary and the level of 2328. A false breakdown resumed the rise and today the price reached 2354.

Since the opening of the session, the price is heading again and testing the new global high formed on Monday. Based on the fundamental reasons and technical component at the moment the growth will continue.
It is worth emphasizing on 2354. The break of this level will form the continuation of growth to 2375 and further to 2400.

Resistance levels: 2354.
Support levels: 2328.4, 2342

Technically, a small correction or a pre-breakout flat may follow from 2354 before the subsequent growth towards 2400. Gold is rising purely as a Haj asset that finds its use in times of crisis.

Regards R. Linda!

9 Apr 2024

Nota

That's great. Retest of resistance after a small correction