GOLD needs a strong positive stimulus
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GOLD 4H NEW FORECAST
The price of gold is trading negatively, breaking the 2365 level and heading towards achieving further expected declines for the rest of the day, targeting a test of the 2325 level during the coming sessions.
Therefore, the bearish tendency will be likely in the immediate term, noting that the expected decline is temporary, waiting for the resumption of the main upward trend again, taking into account that breaking the target level will put pressure on the price to conduct an additional downward correction, with its next target reaching 2360, while it represents Breaking 2365 is the key to resuming the main bullish path and heading towards 2331 as a first positive station.
GOLD 4H NEW FORECAST
The price of gold is trading negatively, breaking the 2365 level and heading towards achieving further expected declines for the rest of the day, targeting a test of the 2325 level during the coming sessions.
Therefore, the bearish tendency will be likely in the immediate term, noting that the expected decline is temporary, waiting for the resumption of the main upward trend again, taking into account that breaking the target level will put pressure on the price to conduct an additional downward correction, with its next target reaching 2360, while it represents Breaking 2365 is the key to resuming the main bullish path and heading towards 2331 as a first positive station.
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