Gold price today: Recover more than 100 pips

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Hello everyone! What do you think, where will gold close today?

In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300.

Looking at the 1-hour chart, I’ve observed that gold has rebounded over 140 pips. It seems to be targeting the $2323 level, with the next resistance around $2338.

That's my take. What about you? Do you think gold can reach these targets, or will it pull back again? Let me know your thoughts in the comments!
Trade fechado: objetivo atingido
Nota
Gold price today: Continuous increase of nearly 300 pips
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