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FX.co ★ Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday February 20, 2024.

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Forex Analysis:::2024-02-20T03:20:26

Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday February 20, 2024.

Technical Analysis of Intraday Price Movement of Gold Commodity Asset, Tuesday February 20, 2024.

From what we see on the 4 hour chart of the Gold commodity assets, it appears that this commodity asset is trying to break above the 2022.30 level, but if this level is successfully broken then Gold still has the potential to retrace downwards, but as long as the decline does not exceed below the 1996.87 level then Gold has the potential to continue its strengthening up to the 2044.16 level as the main target and if the momentum and volatility support it, the 2057.16 level will be the next target to aim for.

(Disclaimer)

Analyst InstaForex
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