4 Hour Chart Analysis for Gold for Long position
Gold made a bullish Engulfing yesterday and confirmed it with a strong move above 50 MA, making a bullish 8/20 EMA cross
However, the move was rejected precisely at 200 MA. The majority of indicators support a continued move upwards.
As the metal is overbought on the 1 and 4-hour frames, there is a possibility of horizontal movement for the next few days.
Today there is a CPI Data to be rolled out at US morning hours expected to be hight as compared to forecast that will fule Gold to bullish trend
However, the move was rejected precisely at 200 MA. The majority of indicators support a continued move upwards.
As the metal is overbought on the 1 and 4-hour frames, there is a possibility of horizontal movement for the next few days.
Today there is a CPI Data to be rolled out at US morning hours expected to be hight as compared to forecast that will fule Gold to bullish trend
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.