$GOLD PRICE ACTION : (READ THE CAPTION)
The four-hour gold chart shows an uptrend.
The price is above the Ichimoku cloud, which is a confirmation of bullish momentum. Therefore, the market is expected to reach the first resistance.
Key levels
The first resistance is at $1984.32, which corresponds to the 127.20% Fibonacci level.
The second resistance is formed at $2006.86.
Intermediate support is located at 1971.03 and can lead to a bullish return of the market.
The first support level is at 1949.45, which indicates a strong support zone.
The price is above the Ichimoku cloud, which is a confirmation of bullish momentum. Therefore, the market is expected to reach the first resistance.
Key levels
The first resistance is at $1984.32, which corresponds to the 127.20% Fibonacci level.
The second resistance is formed at $2006.86.
Intermediate support is located at 1971.03 and can lead to a bullish return of the market.
The first support level is at 1949.45, which indicates a strong support zone.
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.