Hello dear friends, do you think gold will increase or decrease today?
Gold is currently holding well at its recovery level since it last dropped to a low price of $1810. It is currently trading steadily at $1860 - $1861.
On the 4-hour chart, we can observe that after the Bollinger Band narrowed at $1822, it has expanded and the upward trend has been established as predicted by Karina earlier.
Currently, the Bollinger Band is still maintaining a good expanding trend. With important news being received in the market today, personally, I predict that gold will experience a slight correction down to $1840 (which coincides with the Bollinger Band's support line) before using it as a support level to continue its upward movement. Additionally, Karina still holds a high evaluation for a recovery price target of $1900 at the moment.
Gold is currently holding well at its recovery level since it last dropped to a low price of $1810. It is currently trading steadily at $1860 - $1861.
On the 4-hour chart, we can observe that after the Bollinger Band narrowed at $1822, it has expanded and the upward trend has been established as predicted by Karina earlier.
Currently, the Bollinger Band is still maintaining a good expanding trend. With important news being received in the market today, personally, I predict that gold will experience a slight correction down to $1840 (which coincides with the Bollinger Band's support line) before using it as a support level to continue its upward movement. Additionally, Karina still holds a high evaluation for a recovery price target of $1900 at the moment.
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