FX.co ★ Technical analysis of gold

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!