GOLD 1H : OUTLOOK
GOLD
OUTLOOK
Technical abstract:
The price perfectly fulfills my las idea and reach to our target .
The price of gold opens today's trading with remarkable positivity, breaching the 1912 level and approaching a retest of the previously broken neckline, which is now turning into an important resistance at 1920, which supports the chances of returning to the decline again.
Now, we prefer to stay neutral until the price confirms crossing one of the above-mentioned levels and then determine its next destination more precisely, noting that breaking the 1912 support will put pressure on the price to resume the downward trend, whose next targets are at 1903 and then 1890, while a breach Resistance 1921 will stop the negative impact of the mentioned pattern and push the price to recover and achieve gains starting at 1930.
The expect range trading for today it will be between resistance line 1920 and support line 1912
support line :1912 , 1903
resistance line : 1920 , 1930
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Technical abstract:
The price perfectly fulfills my las idea and reach to our target .
The price of gold opens today's trading with remarkable positivity, breaching the 1912 level and approaching a retest of the previously broken neckline, which is now turning into an important resistance at 1920, which supports the chances of returning to the decline again.
Now, we prefer to stay neutral until the price confirms crossing one of the above-mentioned levels and then determine its next destination more precisely, noting that breaking the 1912 support will put pressure on the price to resume the downward trend, whose next targets are at 1903 and then 1890, while a breach Resistance 1921 will stop the negative impact of the mentioned pattern and push the price to recover and achieve gains starting at 1930.
The expect range trading for today it will be between resistance line 1920 and support line 1912
support line :1912 , 1903
resistance line : 1920 , 1930
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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