GOLD 4H :1873 will determine the direction
Updated
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The price of gold continued to decline, breaking the 1873 level and closing the daily candle below it, as it succeeded in touching our new expected target at 1860, and we expect the decline to continue to achieve additional negative targets.
Therefore, the downward trend will remain valid and effective for the coming period, supported by negative pressure and bearish channel to achieve our target began from 1960 and 1945 , keeping in mind that the breach of 1873 will stop the expected decline and lead the price to begin recovery attempts in the immediate term. so 187 will decide the direction will be continue at the bearish or not !.
The expect range trading for today it will be between the resistance line 1873 and support line 1860 until stabilized .
support line : 1860 , 1845
resistance line : 1885 , 1894
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 perfectly fulfills my last idea and price reached to our target .
The price of gold continued to decline, breaking the 1873 level and closing the daily candle below it, as it succeeded in touching our new expected target at 1860, and we expect the decline to continue to achieve additional negative targets.
Therefore, the downward trend will remain valid and effective for the coming period, supported by negative pressure and bearish channel to achieve our target began from 1960 and 1945 , keeping in mind that the breach of 1873 will stop the expected decline and lead the price to begin recovery attempts in the immediate term. so 187 will decide the direction will be continue at the bearish or not !.
The expect range trading for today it will be between the resistance line 1873 and support line 1860 until stabilized .
support line : 1860 , 1845
resistance line : 1885 , 1894
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
GOLDUPDATE
The price perfectly fulfills my last idea and price reached to the second target +260 pip .
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