Analizing Gold seasonal trends and the COT Commercial Hedge, this commodity has been trading with the bullish bias. It seems the Gold price is going to test the 4-Hour chart fair value at 1$5,84.62. If the volatility and momentum is good, there is a possibility that gold will try to test the 4-Hour chart BUY Side Liquidity Pool at $1,592.72 and the Monthly Chart BUY Side Liquidity Pool Level at $1,615.50.
Overall, the precious metal has been following the uptrend.
* For detailed information, you can download the .pdf version from here: https://uptobox.com/6777gmdx4ncy
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com