GOLD - BULLISH OVERVIEW - 1 Hour Timeframe (19th -20th Sep)
Technical Explanation:
Gold is currently in an uptrend, as evidenced by the higher highs and higher lows that it has been making. The 59400 level (R1) is a key resistance level that gold needs to break through in order to continue its uptrend. If gold is able to sustain above 59400 (R1), then it will be a bullish signal, and further levels can be expected.
Potential Targets:
If gold breaks through 59400 (R1), then the next potential target is 59800 (R2). If gold is able to break through 59800 (R2), then the next potential target is 60200 (R3).
Gold is currently in an uptrend, as evidenced by the higher highs and higher lows that it has been making. The 59400 level (R1) is a key resistance level that gold needs to break through in order to continue its uptrend. If gold is able to sustain above 59400 (R1), then it will be a bullish signal, and further levels can be expected.
Potential Targets:
If gold breaks through 59400 (R1), then the next potential target is 59800 (R2). If gold is able to break through 59800 (R2), then the next potential target is 60200 (R3).
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