Gold soon regained its rising position (week 24 gold analysis)

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💥Gold reacted strongly at 2360 and could not overcome the old resistance level to break back to 2400. Gold has formed a double top pattern on the 4th hour frame.

💥After returning below 233x, important support levels 2317-2310 -2305 will be believed by investors to push gold prices back up.

💥The price is retracing relatively far from MA 34 and MA 89, so the downtrend can maintain for the first few days of the week before gold bounces back strongly at the end of next week.

💥When the gold price drops, we will BUY at the support points listed above. new stop loss of 50 pips for each signal. possible profit level according to RR11 ratio. When the price reaches the 2310 or 2301 area, we can consider making long-term BUY signals.

💥If you check back at the levels we have shared weekly over time, you can see how effectively they are used to trade with or against short/medium term fluctuations and trends .

Resistance 2360-2400
Support 2317-2310-2305

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