Gold is currently in a bullish breakout, possibly forming an inverse head and shoulders pattern, indicating further upside potential.
Trade Plan:
Buy Entry: 2878
Target 1: 2900
Target 2: 2930
Stop Loss: Consider placing a stop-loss below recent support, possibly around 2865-2870, depending on risk tolerance.
Technical Outlook:
If gold sustains above 2878, it could gain momentum toward 2900.
A breakout above 2900 could push prices toward 2930.
Watch for confirmation of the head and shoulders breakout with volume and price action.
Would you like an updated gold price check before entering the trade?