Gold Outlook

Daily Chart Gold prices follow a growing trend on the daily chart below.
The prices had weakened the technical structure with the downturn of the bottom trunk of the channel some week ago after a short pause of accumulation, a new upswing in the last Friday session reported prices within the aforementioned bullish curve, highlighted On the chart, and the rise could now continue to reach 1300 in the medium / long term.

The next raise target is in the area of 1,280 at the middle channel line, which prices could be slowed down.

On the bearish front, if prices fell and break the $ 1.247 $ support level, we could see a weak gold price slump that could come to the test of the next support area.!

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