GOLD gets positive momentum
Hello everyone,
GOLD 4H NEW FORECAST
The gold price faced temporary negative pressure yesterday to test the moving average 50, which constitutes important support at 2365 , and we notice that the price begins to rise at the beginning of the day, stimulated by the positivity of the Stochastic indicator, awaiting the resumption of the main upward trend, whose next main target reaches 2392.
From here, the upward trend will remain valid and effective, remembering that breaking 2365will put the price under additional negative pressure to head towards testing the 2325 level before any new positive attempt.
The expected trading range for today is between support 2365 and resistance 2392
Price forecast for today: bullish
GOLD 4H NEW FORECAST
The gold price faced temporary negative pressure yesterday to test the moving average 50, which constitutes important support at 2365 , and we notice that the price begins to rise at the beginning of the day, stimulated by the positivity of the Stochastic indicator, awaiting the resumption of the main upward trend, whose next main target reaches 2392.
From here, the upward trend will remain valid and effective, remembering that breaking 2365will put the price under additional negative pressure to head towards testing the 2325 level before any new positive attempt.
The expected trading range for today is between support 2365 and resistance 2392
Price forecast for today: bullish
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