Current price: 2330
Key point: 2314
Our preferred direction: Buy positions above 2314 levels with 2355 as the first target and then 2370 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 2314 level, targeting the 2288 levels.
Technical commentary
The price is above the support levels of 2315 with the formation of a harmonic pattern after rising last week from the support levels of 2288, so the price is expected to rise to the levels of 2355.
However, if it breaks and closes below the 2314 levels, gold will head towards the 2288 levels.
