Technical Analysis for Gold
Gold is moving in an upward trend on the four-hour timeframe. Prices bounced upward from the DFVG area around the 4179 level. Currently, prices are trading inside a bearish FVG area on the one-hour timeframe around the 4203 level. If a one-hour candle closes above the 4206 level, gold prices are expected to rise during the day.
Key Economic News:
There are no major economic events today, so movements are expected to be smooth.
Liquidity Levels:
Prices are expected to rise and target the 4244 level, followed by the 4264 level.
The bullish scenario is invalidated if a one-hour candle closes below the 4179 level.