XAUUSD - STRONG BULLISH

The price of gold continues to rise, confirming the breach of the 2870 level, with the way open to our major target of 2910.00. The upward trend remains valid and effective today, structured within the ascending channel depicted on the chart. However, it is critical to note that the continuance of this upward wave is contingent on stability above the $2870 mark.

While the current trend suggests more rises, care is advised, as abrupt retreats are conceivable at high levels and during continuous climbs.


Tendency Keys: 2870.
Resistance Line: 2870, 2010.
Support numbers: 2844, 2812, and 2778.