Gold Holds Bullish Momentum Above 2722 with Key Levels in Focus
Gold Technical Analysis
The price remains in bullish momentum while trading above 2722, with the next bullish target at 2739.
A 4-hour candle close above 2739 would strengthen the bullish trend, paving the way for a move toward 2756. On the other hand, if the price stabilizes below 2718, it could drop to 2706, and a 4-hour candle close below 2706 would confirm a bearish move toward 2689.
Key Levels:
Pivot Point: 2731
Resistance Levels: 2739, 2756, 2774
Support Levels: 2720, 2706, 2689
Trend Outlook:
Bullish Trend: Above 2722
Bearish Trend: Below 2706
The price remains in bullish momentum while trading above 2722, with the next bullish target at 2739.
A 4-hour candle close above 2739 would strengthen the bullish trend, paving the way for a move toward 2756. On the other hand, if the price stabilizes below 2718, it could drop to 2706, and a 4-hour candle close below 2706 would confirm a bearish move toward 2689.
Key Levels:
Pivot Point: 2731
Resistance Levels: 2739, 2756, 2774
Support Levels: 2720, 2706, 2689
Trend Outlook:
Bullish Trend: Above 2722
Bearish Trend: Below 2706
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