Hello everyone,
GOLD 4H NEW FORECAST
The gold price succeeded in touching our first awaited target at 2300 and stabilizes there, waiting to continue the rise within the ascending channel that appears on the chart, heading towards its resistance, which is now rising to 2320, which represents our next main target.
We continue to favor the upward trend in the immediate and short term, supported by the 50 moving average, which continues to carry the price from below.
Breaking 2260 will stop the expected rise and pressure the price to test the ascending channel support around 2230 before any new positive attempt.
The expected trading range for today is between the support $2285.00 and the resistance 2320
GOLD 4H NEW FORECAST
The gold price succeeded in touching our first awaited target at 2300 and stabilizes there, waiting to continue the rise within the ascending channel that appears on the chart, heading towards its resistance, which is now rising to 2320, which represents our next main target.
We continue to favor the upward trend in the immediate and short term, supported by the 50 moving average, which continues to carry the price from below.
Breaking 2260 will stop the expected rise and pressure the price to test the ascending channel support around 2230 before any new positive attempt.
The expected trading range for today is between the support $2285.00 and the resistance 2320
