XUAUSD (Still above 2320 !!!)

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Technical Analysis: Gold

The price reached the target we mentioned yesterday which was 2337
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 2357.

Bullish Scenario:
As long as the price trades above 2321, it is likely to maintain a bullish trend towards 2357. A break above 2338 could extend the bullish trend to 2357.

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 2292.

Key Levels:
- Pivot Line: 2320
- Resistance Levels: 2338, 2357,2385
- Support Levels: 2311, 2302, 2292

Today's Expected Range:
The price is anticipated to move between the support at 2311 and the resistance at 2338, with a bullish tendency.
Trade geschlossen: Ziel wurde erreicht
As mentioned yesterday, the trend remains bullish if the price stabilizes above 2320. The price attempted to reach the target of 2337, successfully touched it, and stabilized above this level. Currently, the price is moving towards the second target of 2357. Any break above 2344, confirmed by the closing of a 1-hour candle, is expected to reach 2357.
GoldSupply and DemandSupport and ResistanceTrend AnalysisXAUXAUUSD

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