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02.04.202406:00 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday April 02, 2024.

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Exchange Rates 02.04.2024 analysis

With the price movement inside the MA 200 and MA 20 on the 4 hour chart of Gold commodity asset, then we can confirmed if Gold currently on the strengthen condition where it means the Buyers more dominant, so based on this fact in the near future, Gold will try to break above the level 2265,27. If this level managed to break upward, then level 2295,75 will be the next target to be tested but all these scenario will cancel itself if there is quite significant correction if the Gold reverse down to its weakness below the level 2217,49 where it is detected by the appearance of Ascending Broadening Wedge pattern.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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