Gold at $2385: Will turn Bullish ...?
Gold is seen trading sideways with downside consolidation bias and after dropping to 42385, shows some upward momentum regaining $2396 area which again faces challenge at 4 hourly 50 EMA $2398 above which 4 hourly 100 SMA $2403 is next overhead resistance which capped gains todays opening rally.
$2385-$2380 may be considered as interim support where as strong break above $2403 will open the way to further upside which initially aims $2412 followed by main resistance $2426
Major hurdle is $2433 swing high.
If $2380 support fails, look for 4 hourly 200 SMA $2365
$2385-$2380 may be considered as interim support where as strong break above $2403 will open the way to further upside which initially aims $2412 followed by main resistance $2426
Major hurdle is $2433 swing high.
If $2380 support fails, look for 4 hourly 200 SMA $2365
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.