GOLD 1H : Above 1912 is important for Today
Updated
GOLD
New forecast
Gold prices fell during Monday's trading despite the dollar's decline against most major currencies, as investors shifted towards high-risk assets.
Technical abstract :
The price perfectly fulfills my last idea,
The price of gold tried to test the 1912 level, which constitutes important support for intraday trading, as the price needs to consolidate above this level for the bullish trend scenario to remain effective, which targets the 1932 level as the next stop.
The moving average of 50 supports the continuation of the expected rise, while breaking 1912 will put pressure on the price to turn lower and head towards achieving negative targets that reach the 1903 areas.
The expect range trading for today it will be between resistance line 1932and support line 1912 until stabilized
Additionally ,Today News will affect the market
support line : 1912 , 1903
resistance line : 1932 , 1947
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
Gold prices fell during Monday's trading despite the dollar's decline against most major currencies, as investors shifted towards high-risk assets.
Technical abstract :
The price perfectly fulfills my last idea,
The price of gold tried to test the 1912 level, which constitutes important support for intraday trading, as the price needs to consolidate above this level for the bullish trend scenario to remain effective, which targets the 1932 level as the next stop.
The moving average of 50 supports the continuation of the expected rise, while breaking 1912 will put pressure on the price to turn lower and head towards achieving negative targets that reach the 1903 areas.
The expect range trading for today it will be between resistance line 1932and support line 1912 until stabilized
Additionally ,Today News will affect the market
support line : 1912 , 1903
resistance line : 1932 , 1947
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 price reached to our first target +120 pip
now , the price still trade above 1912 so the price will be continue at the bullish attempts but to confirm the bullish trend the price should stable above 1932 and then it will reach 1947 .
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