Although gold corrected significantly on yesterday's trading day after renewing its all-time high in the $2,600 area, this was also the target increase that readers noticed in the weekly publication.
As long as gold remains within the price channel, the technical outlook remains bullish.
Once gold breaks above the 0.618% Fibonacci extension it will be in position to retest the all-time high once again and gold sustaining price activity above the 0.50% Fibonacci extension is a positive signal for the trend. short-term upward trend.
During the day, the uptrend of gold prices will be noticed by the following price points.
Support: 2,561 – 2,546 – 2,540USD
Resistance: 2,582USD
🎯 XAUUSD SELL 2586 - 2584🎯
TP 2579
TP 2574
SL 2590
🎯XAUUSD BUY 2524 - 2526🎯
TP 2531
TP 2536
SL 2520
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