Gold price is pressing support
Hello everyone,
GOLD 4H NEW FORECAST
The price of gold ended last Friday's trading at 2166, with attempts to break this level continuing. The conflict between selling and buying pressures seems to be heating up, but technical signals offer a glimmer of hope for investors.
Technical indicators provide positive signals that may support the recovery of gold prices.
The current balance between factors prompts us to adopt a neutral stance until the price direction becomes clearer.
Possible scenarios
Holding above 2177 This may restore momentum to the upward trend, targeting 2200 as the next positive station.
Breaking the 2160 level Gold will enter into a downward correction whose target may reach 2146.
GOLD 4H NEW FORECAST
The price of gold ended last Friday's trading at 2166, with attempts to break this level continuing. The conflict between selling and buying pressures seems to be heating up, but technical signals offer a glimmer of hope for investors.
Technical indicators provide positive signals that may support the recovery of gold prices.
The current balance between factors prompts us to adopt a neutral stance until the price direction becomes clearer.
Possible scenarios
Holding above 2177 This may restore momentum to the upward trend, targeting 2200 as the next positive station.
Breaking the 2160 level Gold will enter into a downward correction whose target may reach 2146.
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