GOLD within a narrow range
Hello everyone,
GOLD 4H NEW FORECAST
Expected trading scenarios
The price of gold fluctuates within a narrow range around the level of 2325 , maintaining its stability below it.
The downtrend is ongoing and effective, with negative pressure from the 50 moving average.
The next target is at 2300, which is the 38.2% Fibonacci retracement level of the previous high.
Breaking the levels of 2325 and then 2338 will stop the expected decline and return the price to the upward trend.
The expected trading range for today is between support 2300 and resistance 2325
GOLD 4H NEW FORECAST
Expected trading scenarios
The price of gold fluctuates within a narrow range around the level of 2325 , maintaining its stability below it.
The downtrend is ongoing and effective, with negative pressure from the 50 moving average.
The next target is at 2300, which is the 38.2% Fibonacci retracement level of the previous high.
Breaking the levels of 2325 and then 2338 will stop the expected decline and return the price to the upward trend.
The expected trading range for today is between support 2300 and resistance 2325
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