Gold price will rise to 1977 in the short term
Market analysis.
Gold has continued to rise due to conflicts in the Middle East and surged after Iran's important speech. The market direction will continue to rise.
technical analysis.
The gold price has broken through the key position of 1945.2, and gold will currently rise to around 1977.25 in the short term. Gold prices are in a bullish trend scenario for the coming period. From the 4-hour chart, the 50-period exponential moving average (EMA) continues to provide support for gold prices.
Note
Gold tests the resistance level twice, and once broken will reach our targetTrade active
Trade active
Trade active
Note
Target reached
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Related publications
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.