📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
Gold price fluctuates at the key support 1975.00, and stochastic continues to provide the positive signals on the four hours’ time frame, besides the positive support provided by the EMA50, waiting to head towards 2000.00 followed by 2009.30 levels that represent our next main targets, reminding you that breaking 1975.00 followed by 1962.35 will put the price under the correctional bearish pressure again. The expected trading range for today is between 1970.00 support and 2000.00 resistance.
📊QUICK FUNDAMENTAL LOOK
Gold prices fell in European trade on Monday away from two-week highs on profit-taking, while US 10-year treasury yields rebound. Now investors await strong data on the future of US interest rates, and the Federal Reserve's last meeting minutes.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.