Gold Starts The Week on The Positive Side

Gold prices opened the first weekly trading with a bullish tendency, touching the official target required to be achieved and mentioned in the previous report at 1963, reaching a peak at 1964.

The technicals indicate the possibility of resuming the rally, depending on the continuation of gold obtaining clear additional momentum on short time frames, in conjunction with the positive stimulus of the simple moving averages that continue to hold the price.

Consequently, the bullish scenario will remain valid, knowing that confirming the breach of the 1967 resistance is a catalyst that enhances the chances of the rally for the 1972 visit as a first target that may extend later to the 1982 visit.

Activation of the suggested scenario depends on trading stability above previously breached resistance turned into support at 1934, Fibonacci 50.0%.

S1: 1943.00	R1: 1972.00
S2: 1924.00	R2: 1982.00
S3: 1914.00	R3: 2000.00