Daily chart shows that this currency is now in an important area. It may range some days but if it breaks the dynamic trend-line upward successfully it'll rise up to 43500 . The effects of other markets are undeniable so consider them in your analysis and trade.
According to the what is shown in the chart, the probability of price growth is high but keep in mind the effects of the news such as spreading the new version of coronavirus.
Look at the chart and the movement of candlesticks. There is the probability of growing the gold price. If the price grow it'll move to around $1830 where there is a resistance. Tell me your idea in the comments.
The chart says everything. TP1 level is around $1770 and TP2 level is around $1778. Be cautious in your trades because any unexpected event will fail analyses. Tell me your comments and ideas.
The price may rise to around $1790 and the fall till $1759 .
As you can see in the chart, the gold price is in an important area because of the approaching to support line of ascending trend. So if the price doesn't break the trend line it will rise up to near $1787 but if it breaks that trend it's going to drop near $1759 where there is a strong support. Consider the effects of Corona virus and Political (Afghanistan and...
Look at the chart and the GOLD movements . There is a resistance in the red area and specified point so if the chart breaks this area it'll grow up to about $1870 but if it doesn't happen it'll fall down about $1792. This analysis depends on the movement of chart relative to the cloud.
The chart shows that the gold price is in a descending trend so it's possible to rise up to around $1813 in short time (resistance) , it'll drop to around $1755 in midterm. Be cautious about economic news because the gold price analysis will be affected by these factors.
As you see there is a support at $1874. So we can say there will be two scenarios: if the price trend breaks the support line,the price will decrease to around $1855 ,in contrast , the price will rise up to around $1922. Be cautious! These are only my predictions and everything is possible!