GOLD 4H : Support further decline
Aktualisiert
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our targets +200 pip .
The price of gold was able to touch our expected target at 1932, and it is under continuous negative pressure formed by the moving average 50, which supports the chances of surpassing the current level to open the way for further downward correction, whose next target reaches 1916 and 1911.
Therefore, the downtrend scenario will be remain valid and effective during coming period , taking into account that failure to break 1932 will lead the price to attempt to build an ascending wave, mainly targeting testing the 1947 level. so it is possible to do a retest and then dropping.
The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized .
support line : 1932 , 1916
resistance line : 1947 , 1947
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 +200 pip .
The price of gold was able to touch our expected target at 1932, and it is under continuous negative pressure formed by the moving average 50, which supports the chances of surpassing the current level to open the way for further downward correction, whose next target reaches 1916 and 1911.
Therefore, the downtrend scenario will be remain valid and effective during coming period , taking into account that failure to break 1932 will lead the price to attempt to build an ascending wave, mainly targeting testing the 1947 level. so it is possible to do a retest and then dropping.
The expect range trading for today it will be between resistance line 1947and support line 1932 until stabilized .
support line : 1932 , 1916
resistance line : 1947 , 1947
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade geschlossen: Ziel wurde erreicht
GOLD The price perfectly fulfills my last idea and price reached to our first target +60 pip .
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