GOLD records new historical levels
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GOLD 4H NEW FORECAST
The price of gold ended yesterday’s trading with strong positivity, as it breached the $2160.00 level to activate the positive scenario again, and begins the day with a sharp rise to exceed the positive target of 2200 and record new historical peaks that reached 2222.91 , opening the way to continue the rise and achieve new gains in the short term. And the average, noting that the next stop reaches 2235 .
The moving average 50 supports the proposed bullish wave, and the price may witness some temporary sideways fluctuation due to the negativity of the Stochastic indicator before resuming positive trading, keeping in mind that breaking 2200 will stop the current rise and put pressure on the price to make some temporary bearish correction.
Timeframe: 4H
GOLD 4H NEW FORECAST
The price of gold ended yesterday’s trading with strong positivity, as it breached the $2160.00 level to activate the positive scenario again, and begins the day with a sharp rise to exceed the positive target of 2200 and record new historical peaks that reached 2222.91 , opening the way to continue the rise and achieve new gains in the short term. And the average, noting that the next stop reaches 2235 .
The moving average 50 supports the proposed bullish wave, and the price may witness some temporary sideways fluctuation due to the negativity of the Stochastic indicator before resuming positive trading, keeping in mind that breaking 2200 will stop the current rise and put pressure on the price to make some temporary bearish correction.
Timeframe: 4H
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