GOLD 1H : Still support further decline
Updated
GOLD
New forecast
The price perfectly fulfills my last idea and we closed our profit at +50 pip .
The price of gold continues to move in narrow paths, and therefore, there is no change to our expectations for the downward trend, which depends on stability below 1993, waiting to visit the 1975 and 1962 level as the next main targets.
Therefore the downward scenario will be remain valid an effective during coming period , taking into account that breaching 1993 will lead the price to attempt to restore the main upward trend and achieve gains that begin by testing the 2006 level. .
The expect range trading for today it will be between resistance line 1993 and support line 1962 until stabilized .
Additionally ,Today News will affect the market .
support line : 1975 , 1962
resistance line :1993 , 2006
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 we closed our profit at +50 pip .
The price of gold continues to move in narrow paths, and therefore, there is no change to our expectations for the downward trend, which depends on stability below 1993, waiting to visit the 1975 and 1962 level as the next main targets.
Therefore the downward scenario will be remain valid an effective during coming period , taking into account that breaching 1993 will lead the price to attempt to restore the main upward trend and achieve gains that begin by testing the 2006 level. .
The expect range trading for today it will be between resistance line 1993 and support line 1962 until stabilized .
Additionally ,Today News will affect the market .
support line : 1975 , 1962
resistance line :1993 , 2006
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: stop reached
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