GOLD 4H : Support further rise up
Updated
GOLD
New forecast
The price of gold maintains its stability above the 1977 level, and moves within the ascending channel that appears in the chart above, as it relied on the support of this channel and awaits the resumption of the expected ascending wave in the immediate and short term, which mainly targets the 2000 and then 2016 levels.
Keeping in mind that breaking 1977 will stop the positive scenario and put pressure on the price to turn lower, heading towards testing the 1964 areas before any new positive attempt. so also it is possible to do a retest and then rise up .
The expect range trading for today it will be between resistance line 2000and support line 1964 until stabilized .
Additionally ,Today News will affect the market .
support line : 1984 , 1977
resistance line : 2000 , 2016
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 maintains its stability above the 1977 level, and moves within the ascending channel that appears in the chart above, as it relied on the support of this channel and awaits the resumption of the expected ascending wave in the immediate and short term, which mainly targets the 2000 and then 2016 levels.
Keeping in mind that breaking 1977 will stop the positive scenario and put pressure on the price to turn lower, heading towards testing the 1964 areas before any new positive attempt. so also it is possible to do a retest and then rise up .
The expect range trading for today it will be between resistance line 2000and support line 1964 until stabilized .
Additionally ,Today News will affect the market .
support line : 1984 , 1977
resistance line : 2000 , 2016
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 The price perfectly fulfills my last idea and price reached to our target + 200 pip and still running
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