The price of gold exhibits significant volatility, with substantial pressure influencing its direction. I anticipate that the price will decline to the support levels of 2303 or 2292. Upon reaching these levels, it is expected to initiate an upward trend, moving robustly towards the levels of 2327 and 2344. Stabilization above the resistance level of 2344 will likely propel the price further to 2369. However, if the price remains below 2292, it is projected to fall to 2283 with a 4H candle.
As for today's gold chart, it shows fluctuations consistent with current market trends. The price is oscillating within a defined range, reflecting the aforementioned support and resistance levels. Observing these key levels can provide insights into potential price movements and aid in making informed trading decisions.
Tendency: Long 2303
Target station: (2327, 2344, 2369).