I continue to monitor the movement of Gold/GOLD quotes. The futures contract has resumed its upward movement after a pullback. Bulls continue to push the price towards new highs. The price on the 4-hour chart is trading above the Ichimoku cloud, indicating a bullish impulse. This suggests considering a long position. This is also indicated by the Stochastic oscillator, which is in the resistance zone. During the last trading session, the futures contract continued its northern movement, managing to stay above the pivot level. Bulls have continued to rise and are currently trading at a price of 3307.95. The intraday targets for purchases are the resistances of the classic Pivot levels. It seems that the upward movement will continue from current levels, and a breakthrough of the first resistance level at 3311.22 will lead to a new wave of growth and continuation of the northern movement above the resistance line around 3420.10. However, if sellers return to the market, their target at this chart period will be the support level at 3106.98.
