Hello everyone,
GOLD 4H NEW FORECAST
The price of gold was based on the moving average 50 and began to provide positive trades at the opening of the day, enhancing the chances of heading to resume the main upward trend, stimulated by the positivity of the Stochastic indicator, which is clearly visible now, awaiting the achievement of our positive goals that start at 2393 and extend to the historical peak recorded recently at 2431 .
Therefore, we are awaiting further expected rise during the coming sessions, noting that breaking 2325 and 2343 will put the price under additional negative pressure to head towards visiting the 38.2% Fibonacci retracement level mainly around 2356.
Pivot Line : 2343
Resistance Line : 2356 , 2375 , 2393
Support Line : 2331 , 2315 , 2302
GOLD 4H NEW FORECAST
The price of gold was based on the moving average 50 and began to provide positive trades at the opening of the day, enhancing the chances of heading to resume the main upward trend, stimulated by the positivity of the Stochastic indicator, which is clearly visible now, awaiting the achievement of our positive goals that start at 2393 and extend to the historical peak recorded recently at 2431 .
Therefore, we are awaiting further expected rise during the coming sessions, noting that breaking 2325 and 2343 will put the price under additional negative pressure to head towards visiting the 38.2% Fibonacci retracement level mainly around 2356.
Pivot Line : 2343
Resistance Line : 2356 , 2375 , 2393
Support Line : 2331 , 2315 , 2302
Trade active:
Update
hit target +100pip ✅
And still running to reach 2375 and 2393,
hit target +100pip ✅
And still running to reach 2375 and 2393,
