Today's gold price is trading at 2044.01 on Ticktrader FXOpen

in fxopen •  last year 

Yesterday the gold price fell to form a bearish candle and is currently consolidating near the middle band line which is dynamic support in the uptrend market.

The next support is at the MA 50 line which forms an ascending channel in the 2016 range.

On H1, timeframe, gold tried to rise through the middle band after yesterday's decline, but at this level the price appears to be consolidating again.

Gold 412024.jpg

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