Looking at the gold price action on the 1-hour chart, the market appears to be trending upward with consistent bullish momentum. Here's an analysis to help decide:
1. Key Levels:
Resistance: Around 2,650 (previous high levels).
Support: Around 2,620 (recent consolidation zone).
2. Potential Trades:
Buy Option: If gold sustains above 2,640, it could aim for a move toward 2,655 (targeting 150 pips). Set stop loss near 2,630.