GOLD gaining positive momentum
Hello everyone,
GOLD 4H NEW FORECAST
The price of gold fluctuates slightly negatively, moving around 2345, noting that the Stochastic indicator got rid of its negative momentum to reach oversold areas, waiting to stimulate the price to resume the expected upward trend in the immediate and short term, which targets the levels of 2356 and then 2375 as the next main stations. .
Therefore, the positive scenario will remain in place for the coming period, supported by the moving average 50, which carries the price from below, keeping in mind that breaking 2343 will stop the upward wave and put pressure on the price to return to the bearish corrective path again.
Pivot Line : 2343
Resistance Line : 2356 , 2375 , 2393
Support Line : 2331 , 2315 , 2302
GOLD 4H NEW FORECAST
The price of gold fluctuates slightly negatively, moving around 2345, noting that the Stochastic indicator got rid of its negative momentum to reach oversold areas, waiting to stimulate the price to resume the expected upward trend in the immediate and short term, which targets the levels of 2356 and then 2375 as the next main stations. .
Therefore, the positive scenario will remain in place for the coming period, supported by the moving average 50, which carries the price from below, keeping in mind that breaking 2343 will stop the upward wave and put pressure on the price to return to the bearish corrective path again.
Pivot Line : 2343
Resistance Line : 2356 , 2375 , 2393
Support Line : 2331 , 2315 , 2302
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