Gold is in Reverse, Targeting 200MA
Gold is continuing its bullish reversal movement. The next resistance and target is the 200 MA on the 4H chart, which is at 2038. Additionally, it is also the upper parallel of the current short-term down channel.
|
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
|
2070 |
2052 |
2038 |
2006 |
1975 |
1980 |