GOLD 4H : Try to reach 1912 and then rise up
GOLD
OUTLOOK
The price of gold loses it positive momentum and continue to loses in the sixth day in a row , recording the lowest level in the week due to the rise in US Treasury bond yields and weak demand for non-trading assets , Dollar strength
As we said the gold price started pressure on the pivotal support level of 1924 and it was succsisful to break it thanks to the Dollar strength
Now , as long as price trade under 1924 the price try to complete it negative impulse to reach 1912 and then will rise up
for reminder , stabilized above 1924 it will help the price to formed the correction to 1935 and then drop again in the short term
The expect range trading for today it will be between resistance line 1924 and support line line 1912 until breaking one o them
Addioitonally ,Today news will affect the market
Support line : 1912 ,1902
resistance line : 1924 , 1935
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The price of gold loses it positive momentum and continue to loses in the sixth day in a row , recording the lowest level in the week due to the rise in US Treasury bond yields and weak demand for non-trading assets , Dollar strength
As we said the gold price started pressure on the pivotal support level of 1924 and it was succsisful to break it thanks to the Dollar strength
Now , as long as price trade under 1924 the price try to complete it negative impulse to reach 1912 and then will rise up
for reminder , stabilized above 1924 it will help the price to formed the correction to 1935 and then drop again in the short term
The expect range trading for today it will be between resistance line 1924 and support line line 1912 until breaking one o them
Addioitonally ,Today news will affect the market
Support line : 1912 ,1902
resistance line : 1924 , 1935
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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