Daily/4hrs Technical Forecast From @Jfexbsignal: Based on the early price action and the current price at $1483.70, the direction of the gold futures contract into the close is likely to be determined by trader reaction to the 50% levels at $1489.20 and $1481.30. Bearish Scenario A sustained move under $1481.30 will indicate the presence of sellers. The next downside target is the main bottom at $1478.00, followed by a Fibonacci level at $1471.00, another main bottom at $1465.00 and another Fibonacci level at $1461.30. This is a potential trigger point for an acceleration to the downside. Bullish Scenario A sustained move over $1488.20 will signal the return of buyers. If this move is able to generate enough upside momentum, the market could eventually rally back to $1515.60.