VladimirRibakov

Gold Short Term Forecast

H4 - Price has broken above the downtrend line and has also created higher highs.

There are no signs that show the trend is over.

H1 - Price has created a bullish trend pattern.

We have a key support zone that has formed by the 38.2% (1724.29) - 50% (1718.13) fibonacci retracement zones of this bullish trend pattern.

Until this key support zone holds my view remains bullish here and I expect further continuation higher.

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