GOLD 4H Midday update
The gold price is showing positive trading and is trying to confirm crossing the 1977 level, reinforcing expectations of a continuation of the upward trend during the coming sessions, paving the way for heading towards our main awaited target at 1991
Therefore, the bullish trend scenario will remain valid and effective for today, supported by the positive signal provided by the Stochastic indicator, recalling the importance of consolidation above 1977 for the continuation of the expected rise.
The general trend expected for today: bullish
Pivot Price: 1977
Resistance Price: 1991 & 2009 & 2024
Support price: 1957 & 1943 & 1929
timeframe: 4H
Therefore, the bullish trend scenario will remain valid and effective for today, supported by the positive signal provided by the Stochastic indicator, recalling the importance of consolidation above 1977 for the continuation of the expected rise.
The general trend expected for today: bullish
Pivot Price: 1977
Resistance Price: 1991 & 2009 & 2024
Support price: 1957 & 1943 & 1929
timeframe: 4H
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