XAUUSD (GOLD) 4H Forecast
Factors to watch for gold price action-
Global stock market- Bearish (Positive for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1780, violation below targets $1750. Significant reversal only below 1750.The yellow metal facing strong resistance $1820, any violation above will take to the next level $1835/$1860/$1877$1912 is possible
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
Global stock market- Bearish (Positive for gold)
US dollar index –Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $1780, violation below targets $1750. Significant reversal only below 1750.The yellow metal facing strong resistance $1820, any violation above will take to the next level $1835/$1860/$1877$1912 is possible
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
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.