GOLD 4H :1964 is important

GOLD

New forecast

The price of gold is fluctuating around the 1964 level, and negative trading is now appearing to move around this level, while technical indicators continue to provide positive signals that support the chances of achieving further rise during the coming sessions.

From here, we continue to favor the upward trend in the immediate and short term, which targets the 1984 price level as the next main station, and with a break and stability above it, the price will continue to reach the 2000 level, keeping in mind that failure to hold above 1964 will put pressure on the price to turn lower and head towards areas. 1955 and 1947 before any new attempt to rise.

The expect range trading for today it will be between resistance line 2000 and support line 1964 until stabilized .

Additionally ,Today News will affect the market .

support line : 1964 , 1947
resistance line : 1984 , 2000

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