Current price: 2018
Key point: 2005
Our preferred direction: buying positions above 2005 levels, targeting 2070 as a first target, then 2100 as a second target.
Alternative scenario: stop loss and change direction by breaking the 2005 level, targeting 1950 levels
Technical comment
Gold rose and breached the symmetrical triangle formed on the four-hour time frame, and we referred to it in a previous analysis, and indeed it rose, and gold is still in the process of rising to form the last, fifth wave, to reach 2070 levels, then 2100 levels
