Hello everyone,
GOLD 4H NEW FORECAST
The price of gold resumed its positive trading yesterday, reaching our first awaited target at 2393 , waiting for this level to be crossed to open the way for a rush towards our next main target, which reaches the 2510 areas.
Moving average 50 continues to support the suggested bullish wave
A break of 2325 will stop the uptrend and put pressure on the price for an additional downward correction
The expected trading range for today is between support 2370 and resistance 2410
GOLD 4H NEW FORECAST
The price of gold resumed its positive trading yesterday, reaching our first awaited target at 2393 , waiting for this level to be crossed to open the way for a rush towards our next main target, which reaches the 2510 areas.
Moving average 50 continues to support the suggested bullish wave
A break of 2325 will stop the uptrend and put pressure on the price for an additional downward correction
The expected trading range for today is between support 2370 and resistance 2410
Trade active:
Expected scenario
The price of gold shows new positive trading to test the 2410 barrier, waiting to cross this level to open the way for the rush towards achieving more gains in the short and medium term, remembering that our next target is at 2431.
Technical indicators provide positive signals that support the continuation of the proposed bullish trend scenario, which will remain in place provided it remains above the 2365 level.
Expected result
The price is expected to rise.
The price of gold shows new positive trading to test the 2410 barrier, waiting to cross this level to open the way for the rush towards achieving more gains in the short and medium term, remembering that our next target is at 2431.
Technical indicators provide positive signals that support the continuation of the proposed bullish trend scenario, which will remain in place provided it remains above the 2365 level.
Expected result
The price is expected to rise.
