Gold price next week from 22 - 26 April
We will need to see a close above 2410/2412 zone to further open the range above or a rejection will follow to find support at 2373. A cross and lock below 2373 will be a sign for a stronger retracement and I will update my chart with a different plan.
The price of gold surged to a new high above 2400 as tensions in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to 2431 zone.
A close above 2410 zone will open the following targets as shown in the chart above.
Price has maintained above the channel with our final long range target at 2440 still remaining. The extended levels 2450, 2472 and 2500 will only activate once we see a close above 2440.
We will keep the above in mind when taking buys.
Gold price maintains a stable increase in the H1 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum.
Based on the resistance and support areas of the gold price according to the H1 frame, i identify the important key levels/zones at:
Resistance: 2410, 2430, 2448
Support : 2373, 2310
Targets
2402
2422
I will keep you all updated with regular updates throughout the week. Don't forget to like, comment and follow to support me, i really appreciate it!
I wish you a good week, trade with a stop loss and I hope you all get rich!
We will need to see a close above 2410/2412 zone to further open the range above or a rejection will follow to find support at 2373. A cross and lock below 2373 will be a sign for a stronger retracement and I will update my chart with a different plan.
The price of gold surged to a new high above 2400 as tensions in the Middle East escalated. The uncertainty surrounding the conflict led investors to seek the safety of gold, pushing prices up to 2431 zone.
A close above 2410 zone will open the following targets as shown in the chart above.
Price has maintained above the channel with our final long range target at 2440 still remaining. The extended levels 2450, 2472 and 2500 will only activate once we see a close above 2440.
We will keep the above in mind when taking buys.
Gold price maintains a stable increase in the H1 time frame. Along with Middle East military tensions, Gold price continues to have a huge upward momentum.
Based on the resistance and support areas of the gold price according to the H1 frame, i identify the important key levels/zones at:
Resistance: 2410, 2430, 2448
Support : 2373, 2310
Targets
2402
2422
I will keep you all updated with regular updates throughout the week. Don't forget to like, comment and follow to support me, i really appreciate it!
I wish you a good week, trade with a stop loss and I hope you all get rich!
Now we wait and see what gold does and reset our strategy for this week.
I got a buy limit in the 2350/2354 zone let's see.