GOLD (Bullish Volume vs ADP)

2024年7月3日

Technical Analysis: Gold

The price reached our target we mentioned yesterday which was 2344 and still running to get 2357

Current Outlook:
The trend remains bullish today, with the price stabilizing above 2342. As long as it stays above these levels, it is expected to reach 2357.

Bullish Scenario:
As long as the price trades above 2342, it is likely to maintain a bullish trend towards 2357. A break above 2357 could extend the bullish trend to 2378.

Bearish Scenario:
A 4-hour or 1-hour candle closing below 2334 would indicate a downtrend, with the price expected to trade in the bearish zone between 2320

Key Levels:
- Pivot Line: 2342
- Resistance Levels: 2357, 2377, 2397
- Support Levels: 2334, 2320, 2311

Today's Expected Range:
The price is anticipated to move between the support at 2320 and the resistance at 2357, with a bullish tendency.

in general, the news will affect the market today

previous idea:

2024年7月3日

交易結束：目標達成

As mentioned earlier, the bullish trend is expected to continue throughout the day as long as the price remains above 2342, potentially reaching 2357. the price surpassed 2357 and it could extend further towards 2378.

Conversely, if there is a reversal and the price remains below 2357, it is likely to fluctuate within the range of 2357 and 2342.