GOLD breaks resistance
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GOLD 4H NEW FORECAST
The price of gold ended yesterday's trading with a noticeable positive note, as it breached the 2325 level and settled above it, halting the downward corrective path and heading towards resuming the main upward trend, on its way to achieving gains starting at 2393 and extending to 2431.
Therefore, the upward bias will be likely for today, supported by the 50 moving average that carries the price from below, taking into account that breaking 2325 will stop the expected rise and pressure the price to decline again.
Between support 2335 and resistance 2375
GOLD 4H NEW FORECAST
The price of gold ended yesterday's trading with a noticeable positive note, as it breached the 2325 level and settled above it, halting the downward corrective path and heading towards resuming the main upward trend, on its way to achieving gains starting at 2393 and extending to 2431.
Therefore, the upward bias will be likely for today, supported by the 50 moving average that carries the price from below, taking into account that breaking 2325 will stop the expected rise and pressure the price to decline again.
Between support 2335 and resistance 2375
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