GOLD 4H :still bullish
GOLD
New forecast
The gold price is hovering around the support of the ascending channel and maintaining its consistency above it so far, waiting for the price to be stimulated to resume the main upward trend, remembering that our next target is at 2020 and then will try to reach 2036 and to confirm the bullish trend should stable above 2000 and then our targets will be activate .
Therefor the uptrend scenario will be remain valid and effective during coming days supporting by The 50 moving average continues to support the suggested bullish wave, keeping in mind that breaking 1984 will put pressure on the price to test the most important support at 1964 before any new attempt to rise.so now its possible to do a retest to 1984 and then rise up .
The expect range trading for today it will be between resistance line 2020 and support line 1984 until stabilized .
Additionally ,Today News will affect the market .
support line : 1984 , 1964
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 gold price is hovering around the support of the ascending channel and maintaining its consistency above it so far, waiting for the price to be stimulated to resume the main upward trend, remembering that our next target is at 2020 and then will try to reach 2036 and to confirm the bullish trend should stable above 2000 and then our targets will be activate .
Therefor the uptrend scenario will be remain valid and effective during coming days supporting by The 50 moving average continues to support the suggested bullish wave, keeping in mind that breaking 1984 will put pressure on the price to test the most important support at 1964 before any new attempt to rise.so now its possible to do a retest to 1984 and then rise up .
The expect range trading for today it will be between resistance line 2020 and support line 1984 until stabilized .
Additionally ,Today News will affect the market .
support line : 1984 , 1964
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 ❤️
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.