Gold Maintains Bullish Momentum, Eyes on 2723 with Retest Potential
The price has successfully reached our target after stabilizing above 2685 and is continuing its upward move towards 2723. A retest at 2697 or 2692 is possible.
A 4-hour candle close above 2710 would confirm a move towards 2723. Conversely, a close below 2705 could trigger a pullback towards 2697.
Key Levels:
Pivot Point: 2710
Resistance Levels: 2723, 2730, 2741
Support Levels: 2701, 2691, 2677
Trend Outlook:
Bearish: Below 2697
Bullish: Above 2710