GOLD resumes rising
Updated
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GOLD N4H NEW FORECAST
The gold price presented positive trades yesterday, moving away from the pivotal support level of 2343, enhancing expectations for the continuation of the upward trend, recalling that our expected targets start at 2393 and then 2431.
The moving average 50 supports the proposed bullish wave, and the price may witness some sideways fluctuation under the influence of the negativity of the Stochastic indicator, waiting to gather positive momentum that will contribute to pushing the price to exceed the 2380 level and facilitate the task of achieving the expected goals, remembering that the continuation of the upward trend depends on stability above the 2325 level.
Pivot Line : 2370
Resistance Line : 2380, 2393, 2431
Support Line : 2343, 2315, 2302
🔴.The Most Important Economic News And Data Expected Today
🔴Core CPI (MoM) (Apr)
🔴Core Retail Sales (MoM) (Apr)
🔴CPI (YoY) (Apr)
🔴CPI (MoM) (Apr)
🔴Retail Sales (MoM) (Apr)
GOLD N4H NEW FORECAST
The gold price presented positive trades yesterday, moving away from the pivotal support level of 2343, enhancing expectations for the continuation of the upward trend, recalling that our expected targets start at 2393 and then 2431.
The moving average 50 supports the proposed bullish wave, and the price may witness some sideways fluctuation under the influence of the negativity of the Stochastic indicator, waiting to gather positive momentum that will contribute to pushing the price to exceed the 2380 level and facilitate the task of achieving the expected goals, remembering that the continuation of the upward trend depends on stability above the 2325 level.
Pivot Line : 2370
Resistance Line : 2380, 2393, 2431
Support Line : 2343, 2315, 2302
🔴.The Most Important Economic News And Data Expected Today
🔴Core CPI (MoM) (Apr)
🔴Core Retail Sales (MoM) (Apr)
🔴CPI (YoY) (Apr)
🔴CPI (MoM) (Apr)
🔴Retail Sales (MoM) (Apr)
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