Participant

Today we had a significant bullish momentum, you can see that the price has tested an important support zone (1180 – 1182) and didn’t have the power to break this zone. We had a correction after an uptrend, you can see that the price has decreased and found a strong support at the 50% retracement level. The price has also tried to test the downtrend line, the descending line was broken on 24 March. The outlook is bullish on H4 and Daily chart, the price can grow in the next period.

gold

 
Participant

lets see if it can stay above $1200 this time. it did same movement last week then dropped like a stone.

 
Participant

We had a short decline today but the price has recover and now is back above 1200. The price can grow further if tomorrow we’ll have surprises from NFP and Unemployment rate.

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