Hello everyone,
GOLD 4H NEW FORECAST
The gold price did not show any strong movement yesterday, as it remained stable around 2310
There is no change in the expected bearish trend scenario in the intraday term, which targets visiting the 38.2% Fibonacci retracement level at 2260 as the next main stop.
The 50 moving average continues to support the suggested bearish wave, which will remain in place unless the 2325 level is breached and holds with a daily close above it.
Expected trading range
The expected trading range for today is between the support 2290 and the resistance 2325
GOLD 4H NEW FORECAST
The gold price did not show any strong movement yesterday, as it remained stable around 2310
There is no change in the expected bearish trend scenario in the intraday term, which targets visiting the 38.2% Fibonacci retracement level at 2260 as the next main stop.
The 50 moving average continues to support the suggested bearish wave, which will remain in place unless the 2325 level is breached and holds with a daily close above it.
Expected trading range
The expected trading range for today is between the support 2290 and the resistance 2325
