hello traders! check out my analysis and share your opinion in the comment section.
current price: 2613
Gold is going to fly. Bulls are back and market has established a bullish parallel tradeline. today market has tested lowest position 2613 multiple times but seems unable to break the pattern. Now market will go further high if it reject this position and its first target will be 2640 and after breaking its resistance 2645 its next target will be 2664.
key points:
supporting area: 2607
Resistance area: 2643, 2664
Note:
Target 1: 2640
Target 2: 2660
Stop Loss: 2592
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