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Early in the American session, gold is trading around 2,689, above the 200 EMA, and below the 5/8 Murray with a slight recovery after a strong technical correction.
On the H4 chart, we can see that after reaching the high of 2,710, gold made a technical correction to the 200 EMA area and since then we have seen a technical rebound.
If gold consolidates above 2,684 in the next few hours, the outlook will remain positive and we could expect the metal to reach 2,795 or even 2,701.
We should pay attention to the 200 EMA area around 2,684. This level could be seen as an opportunity to keep on buying. Above it, gold could continue its bullish bias and even reach the 6/8 Murray level around 2,734 next week.
On the contrary, if the price consolidates below 2,680 on the H4 chart, the outlook could be negative. Therefore, we could expect gold to reach 4/8 Murray at 2,656 again and even reach the low of 2,642.
The eagle indicator is showing a positive signal, so we will look for opportunities to buy above 2,684.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
