Gold prices close with a doji

0 69

The four-hour chart on gold closed rather flat on Thursday. The metals market was closed on Friday for Good Friday.

Although price action closed above the level of 1671.95, we anticipate a possible pullback lower.

Watch for a close below 1671.95 to confirm the downside. The ascending wedge pattern could see a downside breakout.

The minimum target lower is at 1574.90. To the upside, gold prices are likely to continue toward the 1700 level.

Test your strategy on how gold will fare with Orbex - Open your account now. 

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

Leave A Reply

Your email address will not be published.