Gold prices rose on Thursday during the Asian trading period, rebounding from the levels of 2494 dollars per ounce achieved by the precious metal yesterday to today's levels of 2520 dollars per ounce, where we are waiting for growth data today in the form of quarterly GDP and then weekly unemployment complaints rates.
Technically,
we expect the precious metal to rise on the hourly time frame to complete the harmonic BAT model near the levels of 2525 dollars and around, from which it is possible to bounce back down again as a correction to target the levels of 2513 and then 2500 dollars per ounce.
This scenario fails if the USD 2532 levels break higher.
