GOLD facing temporary negative pressure
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GOLD 4H NEW FORECAST
The gold price resumes its positive trading to begin attempts to breach the 2260 level, which supports the continuation of the expected upward trend for the coming period, whose next main target is at 2300.
The moving average 50 continues to support the proposed bullish wave, taking into account that failure to cross the current areas will put pressure on the price to bounce down and head to test the pivotal support areas 2230 and may extend to 2201 before any new attempt to rise.
GOLD 4H NEW FORECAST
The gold price resumes its positive trading to begin attempts to breach the 2260 level, which supports the continuation of the expected upward trend for the coming period, whose next main target is at 2300.
The moving average 50 continues to support the proposed bullish wave, taking into account that failure to cross the current areas will put pressure on the price to bounce down and head to test the pivotal support areas 2230 and may extend to 2201 before any new attempt to rise.
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