GOLD / Movement toward 2759 and then!!

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Gold Technical Analysis
The price has dropped, reaching the support line we previously mentioned at 2739.

Currently, it is attempting to test 2759, as long as the price remains above 2739.
However, if the price breaks below 2731, it indicates a bearish movement, targeting 2722 and 2706.
On the other hand, if the price breaks above 2759 and stabilizes, it signals entry into a bullish zone.

Key Levels
Pivot Point: 2739
Resistance Levels: 2758, 2771, 2785
Support Levels: 2731, 2722, 2706

Trend Outlook
Bearish: If the price breaks below 2731
Bullish: While the price stays above 2739
Bullish Confirmation: Requires a break above 2759

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#GOLD Live Update

The price has moved up and hit our target perfectly at 2755.

To continue the bullish trend, the price needs to break 2759 by closing a 4-hour or 1-hour candle above it, which would open the way to targets at 2772 and 2788.

However, as long as the price remains below 2759, it is likely to consolidate within the range of 2759 to 2739. To confirm a bearish trend, the price must break below 2739 and then 2731.