Gold Breaks Resistance: Target $2360 Expected

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Gold Movement Analysis
Date of Analysis: 03rd July 2024

Key Levels:
Previous Resistance: $2348
Next Target: $2360
Current Situation:
In our last analysis, we anticipated a significant drop in gold prices. However, in the H1 chart, gold has broken through the resistance level of $2348.

Expected Movement:
We now expect gold to rise to $2360. From there, a potential downtrend might occur.


Conclusion:
The breakout above $2348 suggests a bullish trend towards $2360, from where a possible decline might follow. Keep an eye on these levels and stay informed with our daily updates on social media.
Trade geschlossen: Ziel wurde erreicht
Gold reached $2360
Chart PatternsTrend AnalysisWave Analysis

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