GOLD 4H : Above 1975 will rise up more
Updated
GOLD
New forecast
The price of gold rose in yesterday’s trading and the price closed above the 1962 level, and is based on this level to begin offering positive trades at the opening of the day, which supports the chances of achieving more expected gains in the immediate term, awaiting the test of the 1975 level, which constitutes an important resistance to intraday trading. Breaking it represents the key to restoring the main upward trend and heading towards achieving additional positive targets up to 1987 and 1993 levels .
Therefore, the upward trend will remain likely for the coming period, supported by moving average 50 , taking into account that stabilized under 1962 level will stop the expected rise and put pressure on the price to decline again. the main condition to be uptrend is stabilized above 1975 and then our targets will be activate .
The expect range trading for today it will be between resistance line 1975 and support line 1962 until stabilized .
Additionally , Today News will affect on the market .
support line : 1962 , 1947
resistance line : 1975 , 1987
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New forecast
The price of gold rose in yesterday’s trading and the price closed above the 1962 level, and is based on this level to begin offering positive trades at the opening of the day, which supports the chances of achieving more expected gains in the immediate term, awaiting the test of the 1975 level, which constitutes an important resistance to intraday trading. Breaking it represents the key to restoring the main upward trend and heading towards achieving additional positive targets up to 1987 and 1993 levels .
Therefore, the upward trend will remain likely for the coming period, supported by moving average 50 , taking into account that stabilized under 1962 level will stop the expected rise and put pressure on the price to decline again. the main condition to be uptrend is stabilized above 1975 and then our targets will be activate .
The expect range trading for today it will be between resistance line 1975 and support line 1962 until stabilized .
Additionally , Today News will affect on the market .
support line : 1962 , 1947
resistance line : 1975 , 1987
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Order cancelled
GOLD As we mentioned stabilized above 1975 then our target will be activate and unfortunately it didn't activate .so stabilized under 1962 will put the price under sell pressure
Note
GOLD
Update
The price of Gold dropped in yesterday’s trading and can breach 1962 then rebounded from here and now is stabilized above it so consolidation above that level will make us to expect the upward trend during coming period .
Therefore , as long as price trade above the 1962 the chance of rise increase so the upward scenario will be remain valid during coming period but to confirm the bullish trend should stable above 1975 and then will reach 1987 and 1993 levels , taking into account that stabilized under 1962 will put the price under sell pressure again .
The expect range trading for today it will be between resistance line 1975 and support line 1962 until stabilized .
Additionally , Today News will affect on the market .
support line : 1962 , 1947
resistance line : 1975 , 1987
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 reached to our first target +90 pip .
Now , to be continue at the bullish trend should stable above 1975 and then will try to reach 1987 .
Trade closed: target reached
GOLD
Update
The price perfectly fulfills my last idea and price reached to our third targets +270 pip .
The price of gold rose and breached the level after closing the daily candle above it at 1975, and now it is trying to stabilize above it at the level of 1993, opening the way for the continuation of the rise and heading towards achieving positive goals starting at 2000 and then 2007, so that the upward trend is likely for today,
Therefore the uptrend scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up , but right now to be uptrend it should stable above 1993 and then our others targets will be activate ,taking into account failure to stabilized above 1993 it will put the price under negative correction to 1987 and 1975 levels ,We point out that the continuation of the bullish wave requires stability above 1975
The expect range trading for today it will be between resistance line 1993 and support line 1980 until stabilized .
Additionally , Today News will affect on the market .
support line : 1987 , 1975
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 ❤️
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