Will gold continue at the bullish trend!?
Updated
GOLD
Gold analysis for the next week
The yellow metal failed to breach the important support in the 1930 zone after the released of mixed American data last week
in this week , the yellow metal will continue at the bullish zone because the Dollar has weakened due to the data so we expected the Gold will continue at the bullish a tendency to reach the next resistance in the 1982 zone
additional , in this week we have important data and it will affect on the GOLD directly
đź”´on Thursday we have consumer price index
đź”´on Friday we have producer price index
Any numbers above of expected it will be a positive impact on the Dollar and negative for GOLD and vice versa
so if the data released under of expected we will see the Gold will rise up and reach to the next resistance and above it
buy opportunity
on the Monday , any retest to the support in the 1938 zone we can buy a Gold until 1953 and 1961 and the wait for the news if released under expected then it will reach to 1982 and above it
additional , The US State Department said in a tweet that it stands by the Philippines in the face of Chinese moves in the South China Sea, off the page, while Manila accused the Chinese Coast Guard of firing water cannons at its boats , and that is positive for Gold
support line : 1953 , 1961 , 1972
resistance line : 1938, 1930 , 1917
what is your opinion ??
If this post was useful to you , don't forget to like and comment, Thanks ❤️
Gold analysis for the next week
The yellow metal failed to breach the important support in the 1930 zone after the released of mixed American data last week
in this week , the yellow metal will continue at the bullish zone because the Dollar has weakened due to the data so we expected the Gold will continue at the bullish a tendency to reach the next resistance in the 1982 zone
additional , in this week we have important data and it will affect on the GOLD directly
đź”´on Thursday we have consumer price index
đź”´on Friday we have producer price index
Any numbers above of expected it will be a positive impact on the Dollar and negative for GOLD and vice versa
so if the data released under of expected we will see the Gold will rise up and reach to the next resistance and above it
buy opportunity
on the Monday , any retest to the support in the 1938 zone we can buy a Gold until 1953 and 1961 and the wait for the news if released under expected then it will reach to 1982 and above it
additional , The US State Department said in a tweet that it stands by the Philippines in the face of Chinese moves in the South China Sea, off the page, while Manila accused the Chinese Coast Guard of firing water cannons at its boats , and that is positive for Gold
support line : 1953 , 1961 , 1972
resistance line : 1938, 1930 , 1917
what is your opinion ??
If this post was useful to you , don't forget to like and comment, Thanks ❤️
Note
like we said , on the Monday will retest to 1938 and then will rise up NOW , price retested to 1938 and try to rise up but be care use risk management carefully
Chinese Foreign Ministry: The United States blatantly supports the Philippines' violations of our sovereignty
News supporting the rise of gold
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