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Gold resumes the rise – Today's Forecast (2/2)
However, you may witness some sideways move, waiting to get positive the bullish targets, Alternatively, settling below 2325.90 may cause decline towards 2260.60.
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Gold resumes the rise – Today's Forecast (1/2)
Gold provided bullish trades yesterday to move away from our key support 2325.90, reinforcing the expectations of bullish trend, with targets 2400.00 followed by 2431.44.
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Gold awaits new rises – Today's Forecast (2/2)
Alternatively, settling below 2325.90 will put the price under additional bearish pressure to head towards visiting 38.2% Fibonacci correction level around 2260.60.
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Gold awaits new rises – Today's Forecast (1/2)
Gold begins to provide bullish trades, waiting to achieve bullish targets that start at 2400 and extend to the recently recorded historical high at 2431.44.
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Gold starts gaining bullish momenum – Today's Forecast (2/2)
However, settling below 2325.90 will stop the bullish move and push the price to return to the correctional bearish track.
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Gold starts gaining bullish momenum – Today's Forecast (1/2)
Gold fluctuates around 2360, waiting to resume the bullish trend, supported by the EMA50, towards 2400 followed by 2431.44.
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Gold settles above the resistance 2325.90 – Today's Forecast (1/2)
The gold closed yesterday with bullish move, settling above 2325.90. This signaled main bullish trend, with targets 2400 to 2431.44.
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Gold is stable below 2310 – Today's Forecast (2/2)
The EMA50 continues to support the bearish move.
However, settling above 2325.90 may cause bullish move towards 2360 and 2430.
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Gold is stable below 2310 – Today's Forecast (1/2)
Gold remained stable around 2310 yesterday. So, no change to the expected bearish scenario, targeting a visit to 2260.60.
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Gold is still stable below 2325.90 – Today's Forecast (2/2)
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EMA50 continues to put downward pressure.
However, settling above 2325.90 may cause bullish move towards 2360 and 2430.
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Gold is still stable below 2325.90 – Today's Forecast (1/2)
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Gold didn’t show any strong move yesterday, to remain stable below 2325.90. This indicates correctional bearish trend with target 2260.60.
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Gold settles below 2325.90 – Today's Forecast
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Gold currently settles below 2325.90 and may decline with a target at 2260.60.
However, settling above 2325.90 will start bullish trend again.
#Gold#XAUUSD#ForexTrading