#GOLD|| 26 Dec || Intraday setup

26 בדצמ׳ 2023

🔸Timeframe: 4 hour
🔸Intraday strategy: Neutral
🔸Long time Strategy: Long


Following the holiday break, gold has risen, and forecasts anticipate a further increase. Expectations of Federal Reserve interest rate cuts, coupled with lower-than-expected Core PCE index data, are driving investor interest and providing opportunities for gold price growth.

If resistance broken next target would be 64000, which might take couple of weeks to achive.

Resistance: 63275
Support: 63101