Current price: 2337
Key point: 2300
Our preferred direction: Buy positions above 2300 levels with 2363 as a first target and then 2400 as a second target.
Alternative scenario: Stop loss and change the trend by breaking the 2300 level, targeting the 2265 levels.
Technical commentary
Gold stabilizes above the support levels of 2300 after rising from the harmonic AB=CD pattern, and it is expected to continue rising to the levels of 2365.
In the event of a break and close below the 2300 levels, the price will head to the 2265 levels.
