Gold's Bullish Momentum:Eyes on 2342 Amid Strong Support at 2320

Jun 24

Technical Analysis: Gold

• Current Outlook:
  The trend remains bullish today, with the price stabilizing above 2320. As long as it stays above these levels, it is expected to reach 2337 and 2342.
  
  
• Bullish Scenario:
  As long as the price trades above 2320, it is likely to maintain a bullish trend towards 2342.
  
  
• Bearish Scenario:
  A 4-hour or 1-hour candle closing below 2320 would indicate a downtrend, with the price expected to trade in the bearish zone between 2302 and 2320.
  
  
• Key Levels:
  - Pivot Line: 2320
  - Resistance Levels: 2335, 2342, 2357
  - Support Levels: 2311, 2303, 2392
  
  
• Today's Expected Range:
  The price is anticipated to move between the support at 2302 and the resistance at 2342.