If gold breaks above $2,741 it will be primed for a new bull run ahead, and indeed the target after gold breaks $2,741 is not to be found beyond round price points like 2,750 โ 2,800 USD.
During the day, structurally and the short-term trend remains unchanged to the upside with upward momentum remaining very strong as the Relative Strength Index points steeply upward without any signs of a bend or heading down from the overbought area, although the room for price increases is no longer large, there will still be enough motivation for shock increases (short and strong) before adjusting downward.
The upward trend in gold prices on the daily chart will be noted by the following technical points.
Support: 2,711 โ 2,700USD
Resistance: 2,741 โ 2,750USD
๐ฏXAUUSD SELL 2762 - 2760๐ฏ
TP 2755
TP 2750
SL 2766
๐ฏXAUUSD BUY 2694 - 2696๐ฏ
TP 2701
TP 2706
SL 2690
โก๏ธPsychology, discipline and capital management are the three factors that make victory possible.โก๏ธ