Current price: 2067

Key point: 2063

Our preferred direction: selling positions below the 2063 levels, targeting 2040 as the first target, then 2025 as the second target.

Alternative scenario: Stop the loss and change the trend by breaking the 2063 level while targeting the 2090 levels

Technical commentary

Gold rose strongly on the daily time frame from the support levels 1938-1953 and above the 200-day moving average and from the ascending trend line until it reached the resistance levels 2063-2074.

It is expected that some downward correction in the price will then continue the rise again