The price of gold is currently around the price of 1900 on the H4 chart, which is an important psychological price level, at the same time it is also a support level, which has already been tested several times today and was trying to break through downwards. Given the inflation data that came out on the USD today and the price reaction at this key price, it is highly likely that the price will break through this support and head towards the next support level (support) located around the price of 1885. Very close to this price level is our target price too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.