GOLD needs a positive stimulus
Hello everyone,
GOLD 6H NEW FORECAST
The gold price continues to fluctuate around the broken support of the ascending channel, and we notice that the Stochastic indicator is approaching the intersection positively, waiting to stimulate the price to resume positive trading and confirm a return to the aforementioned channel and then achieve goals that begin by testing the 2050 level.
From here, we continue to favor the upward trend for the coming period, supported by a move above the moving average of 50, recalling the importance of stability above 2010 for the continuation of the expected bullish wave.
The expected trading range for today is between Support 2022 and Resistance 2050
The general trend expected for today: Bullish
GOLD 6H NEW FORECAST
The gold price continues to fluctuate around the broken support of the ascending channel, and we notice that the Stochastic indicator is approaching the intersection positively, waiting to stimulate the price to resume positive trading and confirm a return to the aforementioned channel and then achieve goals that begin by testing the 2050 level.
From here, we continue to favor the upward trend for the coming period, supported by a move above the moving average of 50, recalling the importance of stability above 2010 for the continuation of the expected bullish wave.
The expected trading range for today is between Support 2022 and Resistance 2050
The general trend expected for today: Bullish
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