GOLD 4H (UPTREND OR YET...)

GOLD forecast

Gold prices in the European market jumped on Tuesday to the highest level in two weeks, just a few dollars away from reaching the psychological barrier of $2,000 per ounce, supported by a falling dollar and US yields.

This is before the release of the minutes of the Federal Reserve’s monetary policy meeting, which is expected to include more clear evidence about the future of the monetary tightening cycle and raising US interest rates.

Technically:

The price is traded above its resistance line which was 1986

so if can stabilize above it will support the bullish to get the next positive target which is 2007

stability under 1976 will support bearish to reach the next support in 1963 by closing 4h candle under 1962 will get 1950 too,
But as long as the price trades above 1963 will remain upward trend to reach 2007

Pivot Price: 1976
Resistance Price: 1986 & 2007 & 2020
Support price: 1963 & 1950 & 1832

The movement range will be between 1986 and 1950