Best Entry Points for Gold
Gold is moving in a general upward trend on the daily timeframe.
Gold has resumed its upward movement, reaching the supply zones.
These daily levels coincide with previous historical highs.
Gold previously experienced a sharp decline from these highs,
and we may see a return to the downward trend from them.
Expected Scenarios
Based on current behavior, we expect to see a continuation
of the upward trend in the near term, reaching the aforementioned supply zones.
The best selling zones are located at the 4331 level.
These supply zones overlap with the daily timeframe.
If the supply zones are broken, we may see a continuation of the upward trend,
reaching targets at the 4430 and 4480 levels.
However, if the current demand zones are broken and the price closes below them,
we may see a decline to the next demand zone at the 4026 level.
