GOLD 4H : will start a correction
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The price of gold continues to decline to reach the outskirts of the expected extended target at 1810, and we expect the bearish tendency to continue to exceed this level and achieve additional negative targets extending to the 1800 areas.
Therefore, the downward trend scenario will remain effective for the coming period, supported by negative pressure, taking into account that and it possible to retest to the previous broken area and then drop and breaching 1840 will stop the expected decline and lead the price to begin recovery attempts in the intraday term.
The expected trading range for today is between support 1810 and resistance 1840 .
Additionally ,Today News will affect the market .
support line : 1810 , 1800
resistance line : 1838 , 1860
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The price of gold continues to decline to reach the outskirts of the expected extended target at 1810, and we expect the bearish tendency to continue to exceed this level and achieve additional negative targets extending to the 1800 areas.
Therefore, the downward trend scenario will remain effective for the coming period, supported by negative pressure, taking into account that and it possible to retest to the previous broken area and then drop and breaching 1840 will stop the expected decline and lead the price to begin recovery attempts in the intraday term.
The expected trading range for today is between support 1810 and resistance 1840 .
Additionally ,Today News will affect the market .
support line : 1810 , 1800
resistance line : 1838 , 1860
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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