GOLD 1H :Try to reach 1900
Updated
GOLD
OUTLOOK
The gold price resumes its negative trading, moving away from the 1916 level, reinforcing expectations for the continuation of the downward trend for the rest of the day, and the way is open to achieving our first awaited target at 1900, noting that we expect the bearish wave to extend towards the 1890 areas.
Therefore, we will continue to favor the downward trend during the coming sessions unless the price rushes to breach the 1916 levels and stabilize above them.
The expect range trading for today it will be between resistance line 1908 and support line 1900
Additionally , today news will affect the market ,
Monthly Nutrition Negative Expectations
Negative fundamental expectations
Positive new product
Complaint rates, strong negative expectations
support line : 1900 , 1890
resistance line : 1908 , 1916
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The gold price resumes its negative trading, moving away from the 1916 level, reinforcing expectations for the continuation of the downward trend for the rest of the day, and the way is open to achieving our first awaited target at 1900, noting that we expect the bearish wave to extend towards the 1890 areas.
Therefore, we will continue to favor the downward trend during the coming sessions unless the price rushes to breach the 1916 levels and stabilize above them.
The expect range trading for today it will be between resistance line 1908 and support line 1900
Additionally , today news will affect the market ,
Monthly Nutrition Negative Expectations
Negative fundamental expectations
Positive new product
Complaint rates, strong negative expectations
support line : 1900 , 1890
resistance line : 1908 , 1916
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
As we expected the price of gold will drop to 1900 and already price reached to 1901 so now to reach 1890 should stable under 1900 and then will support the price to reach1890
other wise, for any reasons if price back off and stable above 1908 then the price will start a correction and formed the positive impulse to rise up again and visit previous broken area
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