GOLD
New forecast
The price of gold fell yesterday to test the pivotal resistance centered at 1962, and the price rebounded from it significantly upward, resuming the expected upward path in the immediate term, and we expect that the way is open to achieving our positive goals that begin at 2000 and extend to 2007.
Therefore the upward scenario will be remain valid but to confirm the bullish trend should stable above 1993 and then our target will be activate . supported by moving average 50 that is continue to support the price to rise up , and the upward will be remain in place unless the levels of 1975 and then 1962 are broken and stable below them.
The expect range trading for today it will be between resistance line 1993 and support line 1975 until stabilized .
Additionally ,Today News will affect the market .
support line : 1975 , 1962
resistance line : 1993 , 2000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price of gold fell yesterday to test the pivotal resistance centered at 1962, and the price rebounded from it significantly upward, resuming the expected upward path in the immediate term, and we expect that the way is open to achieving our positive goals that begin at 2000 and extend to 2007.
Therefore the upward scenario will be remain valid but to confirm the bullish trend should stable above 1993 and then our target will be activate . supported by moving average 50 that is continue to support the price to rise up , and the upward will be remain in place unless the levels of 1975 and then 1962 are broken and stable below them.
The expect range trading for today it will be between resistance line 1993 and support line 1975 until stabilized .
Additionally ,Today News will affect the market .
support line : 1975 , 1962
resistance line : 1993 , 2000
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
Trade closed: target reached:
GOLD
Update
The price perfectly fulfills my last idea and price reached to our second target + 150 pip.
Now if price can stable above 2007 then will support the price to reach 2013 and 2020 levels , if price failure to stable above 2007 then will try to show the negative correction to visit 2000 again
Update
The price perfectly fulfills my last idea and price reached to our second target + 150 pip.
Now if price can stable above 2007 then will support the price to reach 2013 and 2020 levels , if price failure to stable above 2007 then will try to show the negative correction to visit 2000 again
Trade closed: target reached:
GOLD
UPDATE
The price perfectly fulfills my last idea and price reached to our second target + 150 pip.
The price of GOLD rose up yesterday and find the resistance at the 2007 level waiting for positive waves to stabilized above that level and open the way in front of the price to reach2013 and extend to 2020 .
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 1993 will put the price under sell pressure ,so we have to wait until stabilized above 2007 and then our target will be active .
The expect range trading for today it will be between resistance line 2007 and support line 1993 until stabilized .
Additionally ,Today News will affect the market .
support line : 2000 , 1993
resistance line : 2007 , 2020
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GOLD
UPDATE
The price perfectly fulfills my last idea and price reached to our second target + 150 pip.
The price of GOLD rose up yesterday and find the resistance at the 2007 level waiting for positive waves to stabilized above that level and open the way in front of the price to reach2013 and extend to 2020 .
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 1993 will put the price under sell pressure ,so we have to wait until stabilized above 2007 and then our target will be active .
The expect range trading for today it will be between resistance line 2007 and support line 1993 until stabilized .
Additionally ,Today News will affect the market .
support line : 2000 , 1993
resistance line : 2007 , 2020
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
