Gold afternoon outlook


The 4-hour chart has shown a sustained bullish trend, steadily rising from the low of 3943.59, hitting an intraday high of 4195.45, with the current price at 4172.65, an intraday gain of 1.13%.
The moving average system presents a complete bullish alignment: MA5, MA10, and MA20 support the price from bottom to top, with short-term moving averages continuously providing support; after the price surged, a small bearish candle formed, indicating a slowdown in short-term bullish momentum and entering a phase of high-level resistance and consolidation, with a need for a pullback to the moving averages for repair in the short term.
GLDX1.33%
PAXG2.43%
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