GOLD 4H : Above 2067 will rise up
Updated
GOLD
New forecast
The price of gold is fluctuating around the 2067 level, and the price needs to close above the 2067 level, to support the continuation of the expected upward trend in the immediate and short term, remembering that our next target is at 2089 and extends to 2120.
Therefore, we are awaiting further expected rise during the coming sessions with support from the moving average 50, taking into account that failure to consolidate above the 2067 level may put the price under negative pressure again.
The expect range trading for today it will be between resistance line 2089 and support line 2043 until stabilized .
support line : 2043 , 2017
resistance line : 2067, 2089
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New forecast
The price of gold is fluctuating around the 2067 level, and the price needs to close above the 2067 level, to support the continuation of the expected upward trend in the immediate and short term, remembering that our next target is at 2089 and extends to 2120.
Therefore, we are awaiting further expected rise during the coming sessions with support from the moving average 50, taking into account that failure to consolidate above the 2067 level may put the price under negative pressure again.
The expect range trading for today it will be between resistance line 2089 and support line 2043 until stabilized .
support line : 2043 , 2017
resistance line : 2067, 2089
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 ❤️
Trade closed: target reached
GOLD
Update
The price perfectly fulfills my last idea and price reached to our first target +220 pip .
The price of gold rose yesterday and reached our expected target at the 2089 level, and now it is trading negatively to put pressure on support, and it may head to a possible test of the pivotal support 2067 before returning to the rise again.for reminder our targets will be 2089 level and extend to 2120 level .
Therefore we still preferer the upward scenario during coming period supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 2067 level will postponed the bullish waves .
The expect range trading for today it will be between resistance line 2089 and support line 2043 until stabilized .
Additionally ,Today News will affect on the market .
support line : 2067 , 2043
resistance line : 2089 , 2021
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Note
GOLD
Update
The price of gold continued to decline to test the pivotal supports 2067 and 2055, and we notice that the price is consolidating above it, and therefore, we are awaiting new positive trades during the coming sessions, and the targets begin to exceed the 2067 level to enhance the chances of heading towards 2089 as the next main stations.
Therefore we still prefer the upward scenario during coming period supported by moving average 50 ,Keeping in mind that breaking 2055 level and 2043 level will stop the expected rise and put pressure on the price to return to the downward corrective path again.
The expect range trading for today it will be between resistance line 2089 and support line 2043 until stabilized .
support line : 2055 , 2043
resistance line : 2067 , 2089
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 ❤️
Order cancelled
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