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Gold:
The chart shows the movement of #GOLD on the 4-hour chart (H4).
The medium-term analysis, which was made earlier, remains. The target value is still $1800.00 per 1 troy ounce.
At the moment, the metal is trading at $1765.0 and is looking to overcome the dynamic resistance level (solid green line).
Until the end of the trading day, two scenarios are possible:
- further growth of quotes to $1875.0 per ounce;
- downward correction to $1733.0
Good luck!
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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