Current price: 2313
Key point: 2300
Our preferred direction: Buy positions above 2300 levels with 2340 as a first target and then 2363 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 2300 level, targeting the 2265 levels.
Technical commentary
Gold reached the pivotal support levels of 2300 and rose from it with the formation of the harmonic AB=CD pattern, so it is expected that gold will rise again to the levels of 2363
In the event of a break and close below the 2300 levels, the price will head towards the 2265 levels.
