GOLD 4H : Above 2031 will rise up again
GOLD
New forecast
The price of gold maintains its consistency above the 2017 level, waiting to encourage the price to exceed the moving average of 50, which constitutes a resistance barrier to intraday trading to open the way for the rush towards our expected target of 2043 and 2055 levels .and to confirm the bullish trend should stable above 2031 level and then our targets will be activate .
Therefore, the bullish trend scenario will remain valid and effective for the coming period, keeping in mind that the 2017 breakout will put pressure on the price to conduct an additional downward correction.
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
support line : 2017 , 2007
resistance line : 2031 , 2043
Attention : We don't have any group in telegram be careful about scammer.
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 of gold maintains its consistency above the 2017 level, waiting to encourage the price to exceed the moving average of 50, which constitutes a resistance barrier to intraday trading to open the way for the rush towards our expected target of 2043 and 2055 levels .and to confirm the bullish trend should stable above 2031 level and then our targets will be activate .
Therefore, the bullish trend scenario will remain valid and effective for the coming period, keeping in mind that the 2017 breakout will put pressure on the price to conduct an additional downward correction.
The expect range trading for today it will be between resistance line 2055 and support line 2017 until stabilized .
support line : 2017 , 2007
resistance line : 2031 , 2043
Attention : We don't have any group in telegram be careful about scammer.
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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