The bullish trend for 1KG GOLD AUD is uncertain in the short term, with sellers currently having the advantage. Cautious trading favoring long positions is advised as long as the price stays above a specific support level. The next bullish target is a resistance level, with further targets set higher upon a successful break. A bearish break below the support level would signal a change in conditions, potentially mitigating the overall bullish trend and warranting a re-evaluation. While short-term indicators confirm the bullish sentiment, a minor bearish correction is possible due to excessive bullish activity.
1KG GOLD AUD – 1H
