Current price: 1960
Key point: 1960
Our preferred direction: buying positions above 1960 levels, targeting 1980 as a first target, then 2000 as a second target.
Alternative scenario: stop the loss and change the direction by breaking the 1960 level, targeting 1920 levels
Technical comment
Global gold prices have reached support levels on the daily 1960-1934 timeframe, which is close to the ascending trend line from the bottom of last November and near the 100-day moving average, and with the completion of the shark model by 88% Fibonacci retracement of the xa, it is expected that prices will rise again. Gold to head to the 1980-2000 levels, and this scenario is canceled by breaking the 1934 level
