⚠️GOLD is currently at a crucial daily horizontal support level.
It is consolidating within a horizontal range on the 4-hour chart, showing a positive bullish reaction and testing the range's resistance.
A breakout above this resistance with a 4-hour candle close would signal strong bullish momentum, potentially leading to further gains, with the next target at 3437.
Conversely, a bearish breakout below the support could initiate a downward movement.
It is consolidating within a horizontal range on the 4-hour chart, showing a positive bullish reaction and testing the range's resistance.
A breakout above this resistance with a 4-hour candle close would signal strong bullish momentum, potentially leading to further gains, with the next target at 3437.
Conversely, a bearish breakout below the support could initiate a downward movement.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.