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GOLD 4H : New historical levels
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our targets
The price of gold rose, opening trading today with a strong rise, exceeding all of our expected targets and recording new historical levels that reached 2149. It declined quickly to settle around the first level, which constitutes important support now after its breach, and we are likely to resume the upward trend to achieve positive goals that begin by testing the 2089 barrier and extend to 2120. .
Therefore, the upward trend scenario will remain likely for the coming period, supported by the moving average 50, taking into account that breaking 2055 will stop the expected rise and put pressure on the price to make some bearish intraday correction.
The expect range trading for today it will be between resistance line 2120 and support line 2055 until stabilized .
support line : 2067 ,2055
resistance line : 2089 , 2120
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 price reached to our targets
The price of gold rose, opening trading today with a strong rise, exceeding all of our expected targets and recording new historical levels that reached 2149. It declined quickly to settle around the first level, which constitutes important support now after its breach, and we are likely to resume the upward trend to achieve positive goals that begin by testing the 2089 barrier and extend to 2120. .
Therefore, the upward trend scenario will remain likely for the coming period, supported by the moving average 50, taking into account that breaking 2055 will stop the expected rise and put pressure on the price to make some bearish intraday correction.
The expect range trading for today it will be between resistance line 2120 and support line 2055 until stabilized .
support line : 2067 ,2055
resistance line : 2089 , 2120
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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