Gold at $2368: Next $2338 or $2388..?

*Gold Daily Technical Report*


Gold shows Bullish move after breakout above ascending channel resistance and if current stability is supported by consolidation above $2363-$2368, we may witness advance towards next leg higher $2387


However, there is a possibility of pull back towards support zone $2345-$2340 before embarking on the next bullish journey and buyers are likely to resurface if $2340 holds as support on a Day closing basis.