Hello everyone,
GOLD 4H NEW FORECAST
Gold price trading stabilizes around the 2160.00 level after the decline it witnessed in the past sessions, and we notice that the Stochastic indicator begins to cross positively now, waiting to stimulate the price to resume the expected upward trend in the immediate and short term, whose next target is at 2200.00.
The continuation of the bullish wave depends on stability above 2160 , breaking which represents the key to starting a downward correction targeting the 2147 areas as a first negative station.
The expected trading range for today is between support 2160 and resistance 2177
GOLD 4H NEW FORECAST
Gold price trading stabilizes around the 2160.00 level after the decline it witnessed in the past sessions, and we notice that the Stochastic indicator begins to cross positively now, waiting to stimulate the price to resume the expected upward trend in the immediate and short term, whose next target is at 2200.00.
The continuation of the bullish wave depends on stability above 2160 , breaking which represents the key to starting a downward correction targeting the 2147 areas as a first negative station.
The expected trading range for today is between support 2160 and resistance 2177
