#GOLD
4H Chart Update: Look for shorting opportunities at highs during the US trading session.
Watch the 4180–4220 range above; in the short term, gold may experience a brief pullback to the 4110–4120 range—a critical zone for determining the next leg of the rally.
Short the 4180–4200 range for a target of 400 pips.
Consider a light long position in the 4120–4140 range, holding for a longer-term upside target.
4H Chart Update: Look for shorting opportunities at highs during the US trading session.
Watch the 4180–4220 range above; in the short term, gold may experience a brief pullback to the 4110–4120 range—a critical zone for determining the next leg of the rally.
Short the 4180–4200 range for a target of 400 pips.
Consider a light long position in the 4120–4140 range, holding for a longer-term upside target.