GOLD (Bullish continuation...)

Technical Analysis: Gold

The gold price reversal has successfully stabilized the price upwards from 2320, continuing its ascent towards 2337 and 2342.

Current Outlook:
The price is expected to consolidate between 2320 and 2342 until a breakout occurs. The initial movement is anticipated to target 2337.

Bullish Scenario:
As long as the price trades above 2320 means will continue the bullish trend toward the first bullish station which is 2342,
Confirmation: closing 4h candle above 2342 means will get 2357 and above it will continue the bullish confirmation.

Bearish Scenario:
A drop in price and stabilization below 2320, confirmed by the close of a 4-hour candle, would indicate a downtrend towards 2302 and 2292.

Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2342, 2357, 2365
- Support Levels: 2311, 2302, 2292

Today's Expected Range:
The anticipated trading range for today is between the support level at 2320 and the resistance level at 2357.