GOLD :under 1952 will try to retest
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GOLD
OUTLOOK
At the end of last week’s trading, XAU/USD gold prices were subjected to strong selling operations, with losses affecting the support level of 1934 an ounce, bouncing from the resistance level of 1951 an ounce in the same trading session, and the upward rebound path for gold stopped in light of the recovery of the US dollar, despite the divergence of important and influential US job numbers, as it interacted Investors with recent indications before the numbers that the Federal Reserve is determined to continue raising US interest rates, as the US economy is still strong despite its policy.
Technical analysis of Gold prices
The price of Gold faced the strong resistance line 1952 and tried to breached and couldn't because of Dollar strengths so as long as price trade under 1952 the price will be continue at the bearish trend and to confirm that should price stable under 1937 to targeting the 1932 and 1924
for reminder, breaching 1952 will support the price to rise up and build a positive momentum again to targeting 1967 , 1981
The expect range trading for today it will be between the support line 1932 and resistance line 1951
support line: 1932 , 1924
resistance line : 1951 , 1967
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
At the end of last week’s trading, XAU/USD gold prices were subjected to strong selling operations, with losses affecting the support level of 1934 an ounce, bouncing from the resistance level of 1951 an ounce in the same trading session, and the upward rebound path for gold stopped in light of the recovery of the US dollar, despite the divergence of important and influential US job numbers, as it interacted Investors with recent indications before the numbers that the Federal Reserve is determined to continue raising US interest rates, as the US economy is still strong despite its policy.
Technical analysis of Gold prices
The price of Gold faced the strong resistance line 1952 and tried to breached and couldn't because of Dollar strengths so as long as price trade under 1952 the price will be continue at the bearish trend and to confirm that should price stable under 1937 to targeting the 1932 and 1924
for reminder, breaching 1952 will support the price to rise up and build a positive momentum again to targeting 1967 , 1981
The expect range trading for today it will be between the support line 1932 and resistance line 1951
support line: 1932 , 1924
resistance line : 1951 , 1967
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Dagangan ditutup: sasaran tercapai
GOLD UPDATE
as we said as long as price trade under 1952 the price of gold will be under sell pressure and price reached first our target 1932
now, to be continue at the bearish trend should stable under 1930 and then will reach 1924
support line :1924 , 1912
resistance line : 1932 , 1948
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