Pivot point: 1794
The preferred scenario: entering into buying deals at the highest levels of 1794, targeting the levels of 1815 and then the 1827 as a second price target.
Alternative scenario: entering short deals in the event of price stability below the 1794 levels, targeting the 1770 and then the 1750 levels.
Commentary: Gold is still maintaining the general bullish trend, through an ascending price channel in the short term, rebounding from the 1750 levels, in a way to target the 1827 levels on the The short term, especially in light of the price's penetration of the moving averages (50 - 100), with a positive crossover in light of the 50 average rising above the 100 moving average, which supports the positive outlook for gold trading in the short term.
