Gold Spot / U.S. Dollar
Long

GOLD - BULLISH VOLUME

233
Generally, the direction is uptrend

Uptrend Side: The gold price continues to record new highs, establishing support at 2,778. As long as it trades above this level, it is likely to rise further to reach the next resistance at 2,787. A break above this resistance could drive the price to a new high of 2,800.

Correction: The price may decline to reach 2768 as it attempts to break through 2778 before beginning its upward movement.

Downtrend Side: The price needs to undergo a strong correction to break through the support levels at 2,778, 2,757, and 2,668.

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