The current price: 1814
Key point: 1782
Our preferred direction: buying positions above 1782 levels, targeting 1827 as a first target, then 1854 as a second target
Alternative scenario: stop the loss and change the direction by breaking 1782, targeting 1766
Technical comment
Gold is moving in an upward direction on the daily timeframe, inside a price channel, from the bottom of last November, the highest levels of 1782. This rise is expected to continue, especially with the breach of the resistance level of 1807, to target 1835 levels.
