GOLD 4H : Uptrend above 1863
Updated
GOLD
New forecast
The price of gold continues to move within a narrow range, stable around 1860, which keeps the bullish trend scenario intact, waiting to test the 1873 level initially, remembering that breaching this level will push the price to 1894 as the next positive station.
Therefore, we will continue to favor the upward trend in the immediate term, keeping in mind that breaking the levels of 1853 and then 1847 will stop the expected rise and put pressure on the price to turn lower. the main condition to be continue at the bullish trend is stabilized above 1863 and then our target will be activate .
The expect range trading for today it will be between resistance line 1863 and support line 1847 until stabilized
Additionally ,Today News will affect the market
support line : 1853 , 1847
resistance line : 1863 , 1873
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 of gold continues to move within a narrow range, stable around 1860, which keeps the bullish trend scenario intact, waiting to test the 1873 level initially, remembering that breaching this level will push the price to 1894 as the next positive station.
Therefore, we will continue to favor the upward trend in the immediate term, keeping in mind that breaking the levels of 1853 and then 1847 will stop the expected rise and put pressure on the price to turn lower. the main condition to be continue at the bullish trend is stabilized above 1863 and then our target will be activate .
The expect range trading for today it will be between resistance line 1863 and support line 1847 until stabilized
Additionally ,Today News will affect the market
support line : 1853 , 1847
resistance line : 1863 , 1873
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 Midday update
The price perfectly fulfills my last idea and price reached to our target + 100 pip .
The price of gold resumed its positive trading to reach our first expected target at 1873, and the way appears open to exceed this level and open the way to achieving additional gains up to 1894.
Therefore, the upward trend scenario will remain likely during the coming sessions, taking into account that failure to exceed the 1873 level may put pressure on the price to rebound downward and head to test the 1863 areas before any new positive attempt.
support line : 1863 , 1853
resistance line : 1873 , 1894
Trade closed: target reached
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our target +250 pip
The price of gold was able to penetrate the 1873 level, and closed the daily candle above it, confirming the continuation of the dominance of the upward trend and opening the way to head towards our next positive target, which is located at 1894 and 1903.
Therefore, we will continue to favor the upward trend for the coming period,but to confirm the bullish trend at first should stable above 1884 and then it will reach 1894 and 1903 and it will receive good support, keeping in mind that the current trend may cause some temporary sideways fluctuation before resuming the expected rise, while breaking 1873 and holding below it will stop the positive scenario and put pressure on the price to turn lower.
The expect range trading for today it will be between resistance line 1894 and support line 1873 until stabilized
Additionally ,Today News will affect the market
support line : 1873 , 1863
resistance line : 1884 , 1894
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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