XAU/USD : Another Bullish Move Ahead? (READ THE CAPTION)

By analyzing the #Gold chart in the 30-minute timeframe, we can see that, as expected last night, gold showed an upward movement with the market opening. After maintaining its position above the noted support level, it reached the targets of $2739 and $2744. Currently, gold is trading around $2742, and we’ll need to watch over the next two hours to see if it can stabilize above this level.

The key demand zones are $2738.6-$2739.7 and $2727-$2733, while the important supply zones are $2747, $2752, and $2757.