Hello everyone,
GOLD 6H NEW FORECAST
The price of gold opened today's trading with a strong rise, exceeding our expected target at 2075 and recording new historical levels that reached 2146. It declined quickly to settle around the first level, which now constitutes important support after its breach, and we are likely to resume the upward trend to achieve positive goals that begin with testing the 2100 barrier and extend to 2135.
Therefore, the upward trend scenario will remain likely for the coming period, supported by the moving average of 50, taking into account that breaking 2075 will stop the expected rise and put pressure on the price to make some bearish intraday correction.
