Current price: 2517
Key point: 2480
Our preferred direction: Buy positions above 2480 levels with 2530 as a first target and then 2580 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 2480 level, targeting the 2430 levels.
Technical commentary
Gold is settling above the record highs above the support levels of 2480-2475 above the rising trend line from the bottom of the current month, and it is expected to continue rising to the levels of 2530 and then the levels of 2580.
