Hello everyone,
GOLD 4H NEW FORECAST
Expected scenario: continuation of the upward trend
The price of gold confirmed breaching the 2222.91 level after closing the daily candle above it, reinforcing expectations of the continuation of the upward trend in the immediate and short term.
The way is open to target the 2250 areas in the near term.
Alternative scenario: possible decline
Breaking 2222.91 and trading below it may pressure the price to decline and test the ascending channel support around 2177 before any new attempt to rise.
