Gold: Breaks Daily 21 and 50-MA After Nine Months
Gold breaks above daily 21 and 50-MA for first time in nine months. Analyst eyes $4,150 support with $4,500 gold price forecast ahead.
SourceAnalysis
Gold posted its first daily close above the 21 and 50-MA in more than nine months, setting up a potential run toward the $4,500 zone if $4,150 holds as support, according to Michaël van de Poppe. The move marks a clear daily moving average breakout that traders are now watching for continuation. This gold price forecast aligns with fresh gold support levels analysis showing sustained momentum in precious metals.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast
