GOLD Nears Key Resistance at 2789
GOLD
Technical analysis
The gold price seems to be gearing up to cross the last resistance and potentially reach a new high level. Currently, the price is steadily moving toward the critical level of 2789, which acts as a significant resistance point.
We should wait for the price to successfully break above 2789, confirming the bullish trend. However, traders should remain cautious, as reaching 2789 may trigger a correction before the price stabilises. After the correction and consolidation above 2789, the next upward movement is likely to take the price toward higher targets.
Technical analysis
The gold price seems to be gearing up to cross the last resistance and potentially reach a new high level. Currently, the price is steadily moving toward the critical level of 2789, which acts as a significant resistance point.
We should wait for the price to successfully break above 2789, confirming the bullish trend. However, traders should remain cautious, as reaching 2789 may trigger a correction before the price stabilises. After the correction and consolidation above 2789, the next upward movement is likely to take the price toward higher targets.
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