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Gold Prices Close With A Doji

Posted On 13 Apr 2020
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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.

About the Author
“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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