Gold is currently pulling back after hitting the 1,325 medium term target, naturally seeking a lower price on 4H to accumulate new buyers. 1D is still a strong Channel Up (RSI = 62.141, MACD = 11.760, Highs/Lows = 7.2179) with 1,297 providing both a Higher Low on 1D and support on 4H. The opportunity to buy is at 1,304. 1,325 can be used again as a short term TP, with 1,340 being the extension.
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.