On the 4-hour timeframe, the Center of Gravity (COG) is situated between 2042 and 2038.
Support Levels:
Support 1: 2015-2006 Support 2: 1994-1986
Bias:
Bearish Scenario: A bearish stance is recommended if the price remains below 2074-2082, with a target of 2024. Falling below this level would be considered extremely bearish, with a potential target of 1988.
Bullish Scenario: A bullish outlook is suggested if the price rises above 2042, targeting 2082. Crossing this level would be considered extremely bullish, with potential targets at 2135-2174.
Comment
gold nearby 4-hour timeframe, the Center of Gravity (COG) 2042 and 2038.
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