Gold Prices Close With A Doji

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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.

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“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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