Gold price breaks support
Updated
hello everyone, The price of gold ended yesterday's trading below the 1962 level, confirming a return to the downward corrective path after retesting the previously broken neckline of the double top pattern shown in the image, heading towards visiting the 1947 level as the next main target.
Therefore, we expect to witness negative trading during the coming sessions, noting that the breach of 1962 will push the price to attempt to recover again and head for gains that begin by testing 1975.00 and extend to 1975 after crossing the previous level.
Pivot Price: 1962
Resistance prices: 1975 & 1986 & 2000
Support prices: 1947 & 1928 & 1907
The general trend expected for today is bearish
Therefore, we expect to witness negative trading during the coming sessions, noting that the breach of 1962 will push the price to attempt to recover again and head for gains that begin by testing 1975.00 and extend to 1975 after crossing the previous level.
Pivot Price: 1962
Resistance prices: 1975 & 1986 & 2000
Support prices: 1947 & 1928 & 1907
The general trend expected for today is bearish
Trade active
We indicated that if it stays above 1962, it will reach the level of 1999 and continue upwards
Trade active
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