Hello everyone,
GOLD 4H NEW FORECAST
The price of gold focused on the level of 2340 and began to provide positive trades, facing the moving average 50, which constitutes a strong resistance at 2360 , waiting for this level to be breached to enhance expectations for the continuation of the upward trend during the coming period, remembering that our expected targets start at 2410 and then 2450.
Consistency above 2340 is important for the continuation of the expected rise, as breaking it will put pressure on the price to conduct an additional downward correction, with its next target reaching 2272
Pivot Line : 2340
Resistance Line : 2360, 2381, 2393
Support Line : 2322, 2310, 2302
GOLD 4H NEW FORECAST
The price of gold focused on the level of 2340 and began to provide positive trades, facing the moving average 50, which constitutes a strong resistance at 2360 , waiting for this level to be breached to enhance expectations for the continuation of the upward trend during the coming period, remembering that our expected targets start at 2410 and then 2450.
Consistency above 2340 is important for the continuation of the expected rise, as breaking it will put pressure on the price to conduct an additional downward correction, with its next target reaching 2272
Pivot Line : 2340
Resistance Line : 2360, 2381, 2393
Support Line : 2322, 2310, 2302
