GOLD 4H : still support further rise
Updated
GOLD
New forecast
The price perfectly fulfills my last idea and price is near to our second target + 200pip.
The price of gold opens today's trading with a strong rise to reach 1945, and the way appears open to exceeding this level and achieving additional gains reaching 1960 and 1980 in the near term.
Therefore, the upward trend scenario will remain likely for the coming period, supported by the 50 moving average, which continues to carry the price from below, taking into account that failure to break through 1932 will put pressure on the price to bounce downwards and head to test the 1913 areas again.
The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized
Additionally ,Today News will affect the market
support line : 1932 , 1912
resistance line : 1947 , 1960
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New forecast
The price perfectly fulfills my last idea and price is near to our second target + 200pip.
The price of gold opens today's trading with a strong rise to reach 1945, and the way appears open to exceeding this level and achieving additional gains reaching 1960 and 1980 in the near term.
Therefore, the upward trend scenario will remain likely for the coming period, supported by the 50 moving average, which continues to carry the price from below, taking into account that failure to break through 1932 will put pressure on the price to bounce downwards and head to test the 1913 areas again.
The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized
Additionally ,Today News will affect the market
support line : 1932 , 1912
resistance line : 1947 , 1960
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
GOLD UPDATE
The price perfectly fulfills my last idea and price reached to our target + 70 pip .
Now , to be continue at the bullish trend should price stable above 1947 and then it will open the way to reach our second target and if failure to stability above it then it will force the price to make a correction before any upward .
Trade closed: target reached
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our second target +220 pip .
The price of gold achieved a strong breach of the 1947 level and closed the daily candle above it, strengthening expectations for the continuation of the upward trend during the coming sessions, paving the way for heading towards 1961 and 1971 as the next main targets.
Therefore the upward scenario will be remain valid and effective in one condition that is stability above 1947, Noting that the 50 moving average provides continuous positive support for the price, while breaking 1947 will stop the positive scenario and put pressure on the price to turn lower so under 1947 the price will try to formed a correction to 1932 and then rise up .
The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized
Additionally ,Today News will affect the market
support line : 1947 , 1932
resistance line : 1961 , 1971
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
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our third target + 400 pip .
The price of gold rose strongly yesterday to succeed in achieving our expected target at 1982, and we notice that the price begins today with more positivity to try to penetrate this level, which leads the price to achieve more expected gains during the coming sessions, paving the way for heading towards the 2000 levels and then 2016.90 as stations. Next main.
Moving average 50 continues to support the proposed bullish wave, taking into account that failure to consolidate above 1971 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between resistance line 2000 and support line 19971 until stabilized
Additionally ,Today News will affect the market
support line : 1981 , 1971
resistance line : 2000 , 2016
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
GOLD
New forecast
The price perfectly fulfills my last idea and price reach to near our target +190 pip .
The price of gold opened today’s trading with a strong decline, breaking the 1977 level and settling below it, providing signals of a possible shift in the downward trend, but we notice that the price is trying to recover again, which makes us likely to witness positive trading today, and the price needs to exceed 1977 to confirm the resumption of the upward wave that Its next major target is at 2000 and 2016.
Moving average 50 continues to support the proposed bullish wave, taking into account that failure to stabilize above the 1977 level will put pressure on the price to incur additional losses and visit the 1964 level mainly.
The expect range trading for today it will be between resistance line 2000 and support line 1964 until stabilized .
support line : 1964 , 1947
resistance line : 2000 , 2016
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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