Gold Potential Short Term Bullish

Gold Potential Short Term Bullish - Bias potentially bullish for gold prices in the short term, especially as long as the price moves above the signal MA 50-100-200 in the 4 hours chart. Bullish bias in the short term is likely to get support from the stochastic indicator is already in oversold area and ready to rebound.

For the upside, closest resistance levels seen in the area in 1130, through to the top of the area likely to continue bullish price to test the area in 1137, through to the top of the price may test the 1137 area to a higher resistance area again in 1148 for the area underneath, area 1123 is the nearest support level, penetrate to the bottom of the zone rates will likely move along at least neutral instructions to test the 1118 area, to penetrate to the bottom of the area in 1118 prices get momentum for further bearish movement into the area in 1110.

Resistance levels: 1130, 1137, 1148

Level of support: 1123, 1118, 1110