Considering the attack of gold on the 8-hour support level and its subsequent pullback to the 4-hour support area, it is expected that gold will reach its 8-hour support at around $3,138.
Important to note the risk factor: the interaction seen on the OANDA chart in the 4-hour timeframe has not yet been observed on the FXCM chart, which adds an element of uncertainty.
Important to note the risk factor: the interaction seen on the OANDA chart in the 4-hour timeframe has not yet been observed on the FXCM chart, which adds an element of uncertainty.
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It should be noted that it also has the potential to fall to one-day support in the $3,000 range, but this decline cannot be confirmed yet.
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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.