Current price: 4032
Key point: 4020
Our preferred strategy: Buy positions above 4020 with a first target of 4060 and then a second target of 4100.
Alternative scenario: Stop loss and trend reversal upon breaking the 4010 level, targeting the 3980 level.
Technical commentary
Gold reached the pivotal support level of 4020, which it reached at the beginning of this month and from which it rose. It is expected that the price will rise again to the 4060 level, and if it breaks through it, it will then head towards the 4100 level.
