Current price: 2344
Key point: 2300
Our preferred direction: Buy positions above 2300 levels with 2365 as the first target and then 2400 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 2300 level, targeting the 2265 levels.
Technical commentary
Gold has reached the upward trend line from the bottom of last April, and it is expected to continue rising to levels of 2365 and then levels of 2400. The price of gold is expected to open during trading this week with an upward price gap after the tensions between Israel and Iran.
