Current price: 1905
Key point: 1899
Our preferred direction: buying positions above 1899 levels, targeting 1930 as a first target, then 1965 as a second target.
Alternative scenario: stop the loss and change the direction by breaking 1899, targeting 1854
Technical comment
Gold is moving in a strong bullish trend on the daily timeframe, after breaching the descending trend line from the top of last April and forming an ascending channel from the bottom of last November above the support levels 1854-1876, and currently it has breached the upper border of the channel and retests it with the support level 1899, so it is expected if it forms Price Any price behavior from these levels that the price continues to rise to the levels of 1930-1965
