Gold Price Expected to Rebound at Support Level

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The current trend line for gold is a downward sloping line that has been in place since [May 14, 2024 at 09:30 UTC]. The gold price is currently trading at [USD 2,348.46] and is expected to continue to decline until it reaches the support level at [USD 2,321.00]. Once it reaches this level, the gold price is expected to reverse its direction and begin to move higher.

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ملاحظة

To the target (2321 USD).. ;)

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ملاحظة

If the price breaks the white downtrend (hanging in the air) + crosses the vertical white time line today, May 14, at 9:30, we will close the downtrend and start a very strong buy order, with its first target being $2,375 per ounce.

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ملاحظة

How does a line hanging in the air affect the price?
Perhaps we will close the sell Order now (in profit) and open a buy Order, because the time represented by the white vertical line remains less than 3 hours - which means that the price after that will achieve the second part of the recommendation early, which is rising to the targets 2350$,then 2380 $

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ملاحظة

1st target 2350$ just done!

١٥ مايو ٢٠٢٤

ملاحظة

in the road to 2ed target $2,375

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