Gold price today
Today, gold price touched $2571 and did not change much from yesterday's trading session with stability above the highs in early Wednesday.
Today there is no strong news and I will focus on the analysis on the 4-hour chart of #GOLD. From a close observation, the trend line and the price wedge both show an uptrend, however it is limited below the resistance of the uptrend channel. Based on previous reactions, I first expect the price to correct at the present time.
My strategy today is to hold the short position until the specified target.
Today there is no strong news and I will focus on the analysis on the 4-hour chart of #GOLD. From a close observation, the trend line and the price wedge both show an uptrend, however it is limited below the resistance of the uptrend channel. Based on previous reactions, I first expect the price to correct at the present time.
My strategy today is to hold the short position until the specified target.
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