Gold Spot / U.S. Dollar
Long
Updated

GOLD - Closing a 1H candle above 2344 will indicate a bullish

242
As we mentioned previously, the price has fallen and is now attempting to stabilize below 2344. If it remains below this level, we aim to reach support at 2328. Should the price break below 2328 and close a 1-hour candle there, the price will touch 2303.

Conversely, a bullish trend will resume if the price stabilizes and trades above 2344. In this scenario, our first resistance target will be 2357, followed by 2369 as the next target.
Trade closed: target reached

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