Hello everyone,
GOLD 4H NEW FORECAST
Therefore, we continue to expect a downward trend for the coming period.
The price of gold is testing the neck line of the head and shoulders pattern that appears in the chart, waiting for a break of this level at 2329 to activate the negative impact of the aforementioned pattern and then rushing to conduct a downward correction whose targets start at 2309 and extend to 2272.
Pivot Line : 2329
Resistance Line : 2347, 2371, 2393
Support Line : 2302, 2272, 2239
GOLD 4H NEW FORECAST
Therefore, we continue to expect a downward trend for the coming period.
The price of gold is testing the neck line of the head and shoulders pattern that appears in the chart, waiting for a break of this level at 2329 to activate the negative impact of the aforementioned pattern and then rushing to conduct a downward correction whose targets start at 2309 and extend to 2272.
Pivot Line : 2329
Resistance Line : 2347, 2371, 2393
Support Line : 2302, 2272, 2239
