GOLD 4H : Outlook
GOLD
New forecast
The price of gold is close to the 2067 level, and is now facing a conflict between technical factors, and the 50 moving average forms positive support that carries the price from below, and may contribute to achieving more gains in the immediate term, especially after confirming the breach of the resistance of the descending subsidiary channel.
Therefore, we prefer to remain neutral until we get a clearer signal of the next trend, noting that breaking the 2045 support will put pressure on the price to resume the downward corrective wave whose targets start at 2017 and extend to 1993 after breaking the previous level, while breaking the 2067 resistance represents the key to restoring the trend. The main bullish trend is heading towards achieving gains that begin by testing the 2089 barrier and reach 2120 in the near term.
The expect range trading for today it will be between resistance line 2067 and support line 2045 until stabilized .
support line : 2045 , 2017
resistance line : 2055 , 2067
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New forecast
The price of gold is close to the 2067 level, and is now facing a conflict between technical factors, and the 50 moving average forms positive support that carries the price from below, and may contribute to achieving more gains in the immediate term, especially after confirming the breach of the resistance of the descending subsidiary channel.
Therefore, we prefer to remain neutral until we get a clearer signal of the next trend, noting that breaking the 2045 support will put pressure on the price to resume the downward corrective wave whose targets start at 2017 and extend to 1993 after breaking the previous level, while breaking the 2067 resistance represents the key to restoring the trend. The main bullish trend is heading towards achieving gains that begin by testing the 2089 barrier and reach 2120 in the near term.
The expect range trading for today it will be between resistance line 2067 and support line 2045 until stabilized .
support line : 2045 , 2017
resistance line : 2055 , 2067
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 ❤️
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