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Back Technical analysis
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Back Technical analysis
Gold may receive support and rise locally
The price of gold has been
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The price of gold has been consolidating in a range for a considerable period against the backdrop of the Middle East conflict. But the situation could change if the Fed resumes rate cuts and a neither?war?nor?peace state between the US and Iran persists for some time. From a technical perspective, gold found support at $4,552.75. If this level holds, a local rise in the yellow metal can be expected. Technical picture and trading idea: Price is below the middle line of the Bollinger
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Pati Gani,
Analytical expert of InstaForex
© 2007-2026
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Viktor Vasilevsky
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