Since gold caught the uptrend, it has not been a bearer.
On Friday, when there was NFP news, gold was running at 2295. Subsequently, it fell to 2281 before catching an uptrend, closing at 2328 when the market closed.
Now, as the market opened, gold initially dipped to 2304 before regaining momentum. Currently, it is in an uptrend, reaching 2355.
We believe that gold may bounce back from 2325, with our target set at 2355. Additionally, if it breaks 2325, it could drop to 2304, with our buy target remaining at 2355 or 2375.
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our resistance levels are spotted at:
- 2355.00
- 2375.00
📉 And our support levels are set at:
- 2325.00
- 2203.00
Stay tuned for further updates and trade smartly! 📊