We have experienced a stall in the current downtrend of the 4H Gold price.
My expectation is that the price of gold will rise to around the 1280 level in the next 24 hours. Confirmation of the 4H downtrend will occur if the price then drops below 1270.
The 4H trend will turn bullish should the 1295 price be crossed.
The daily signals confirms that the downtrend is still well on it's way, trading on daily signals should be short if 1267 is breached.
Good luck
Chris
