Gold price technical analysis: 4hr chart
As observed on the four-hour chart, Gold price is on track to challenge the record high of $2,365, as it recaptures the 21-Simple Moving Average (SMA) at $2,342.
The Relative Strength Index (RSI) is pointing north above the midline, near 59.00, indicating that there is a scope for further upside.
The immediate resistance is seen at the $2,350 psychological level on the way to all-time highs.
Further up, a fresh rally toward the $2,400 level cannot be ruled out.
If the Gold price correction regains traction, the static support at $2,330 will immediately rescue buyers.
Failure to defend the latter will reinforce sellers toward the April 4 high at $2,305, below which the April 5 low of $2,268 will be tested
The Relative Strength Index (RSI) is pointing north above the midline, near 59.00, indicating that there is a scope for further upside.
The immediate resistance is seen at the $2,350 psychological level on the way to all-time highs.
Further up, a fresh rally toward the $2,400 level cannot be ruled out.
If the Gold price correction regains traction, the static support at $2,330 will immediately rescue buyers.
Failure to defend the latter will reinforce sellers toward the April 4 high at $2,305, below which the April 5 low of $2,268 will be tested
Nota
TP HITS.... 2400 Cannot be ruled out
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.