GOLD 4H : Try to rise up
Updated
GOLD
New forecast
Gold price trades rebounded downward to test the pivotal support floor for 2017, and is based on this level to begin attempts to build a new ascending wave, awaiting the resumption of the expected upward trend in the immediate term, which targets testing the 2055 level as a main next station.
The moving average 50 meets the aforementioned support to add more strength to it, which supports expectations of a rise during the coming sessions, keeping in mind that breaking 2017 will stop the positive scenario and put pressure on the price to return to the downward corrective path again.
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
support line : 2017 , 2007
resistance line : 2055 , 2089
Attention : We don't have any group in telegram be careful about scammer.
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 price trades rebounded downward to test the pivotal support floor for 2017, and is based on this level to begin attempts to build a new ascending wave, awaiting the resumption of the expected upward trend in the immediate term, which targets testing the 2055 level as a main next station.
The moving average 50 meets the aforementioned support to add more strength to it, which supports expectations of a rise during the coming sessions, keeping in mind that breaking 2017 will stop the positive scenario and put pressure on the price to return to the downward corrective path again.
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
support line : 2017 , 2007
resistance line : 2055 , 2089
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
GOLD
Update
The price perfectly fulfills my last idea.
The price of gold has been fluctuating within a narrow range since the morning, which keeps the bullish trend scenario intact without change, remembering that our next main target is at 2055 level and extend to 2067 level .
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 2017 level will end the upward scenario and began to the bearish attacks.
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
Additionally ,Today News will affect on the market
support line : 2017 , 2007
resistance line : 2055 , 2089
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
GOLD
Update
The price perfectly fulfills my last idea.
Gold price developments stabilize around 2040 after what it witnessed yesterday evening, waiting for the trend slope to be read clearly and the 2055 level, which represents our next main target, to remain an effective scenario and impact for the coming.
Therefore the upward scenario will be remain valid and effective during coming period , supported by moving average 50 , taking into account that stabilized under 2017 level will stop the error and put pressure on the price in addition to the downward path correction again.
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
Additionally ,Today News will affect on the market
support line : 2017 , 2007
resistance line : 2055 , 2089
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
GOLD
Update
The narrow range has dominated gold price trading since the morning, waiting to stimulate the price to resume the upward wave that aims to test the 2055 level initially, noting that we are likely to exceed this level and achieve additional gains up to 2089 level .
Therefore the bullish trend scenario will remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 2017 level will put the price under sell pressure .
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
Additionally ,Today News will affect on the market
support line : 2017 , 2007
resistance line : 2055 , 2089
Attention : We don't have any group in telegram be careful about scammer.
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 +340 pip. and still running .
The price of gold rose yesterday to reach our expected target at the 2055 level, obtaining a positive incentive that supports expectations of achieving gains during the coming sessions, as the positive goals begin at 2067, and by breaking this level, the way will open for the price to reach the 2089 level after surpassing the previous level.
Therefore, we continue to favor the bullish trend in the immediate term, which receives good support from the moving average 50, recalling the importance of stability above 2017 to achieve the proposed goals.
The expect range trading for today it will be between resistance line 2089 and support line 2017 until stabilized .
Additionally ,Today News will affect on the market
support line : 2043 , 2017
resistance line : 2067, 2089
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
GOLD
UPDATE
Sideways and weak trading dominates the gold price due to the holiday in the financial markets, and the price faced strong resistance at the 2067 level, so we are forced to monitor the price when the level is gone, as the sinking of the 2067 level will open the way for the price to reach our second target at the 2089 level.
on the other hand , failure to breach the resistance line at 2067 will force the price to decline again and visit the previous broken areas .
support line : 2043 , 2017
resistance line : 2067, 2089
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.