XAUUSD H1 :DOWNTREND TOWARDS A LOWER PRICE TO ITS PREVIOUS STATE
XAUUSD H1 :DOWNTREND TOWARDS A LOWER PRICE TO ITS PREVIOUS STATE
The price of gold today, as of 8:20 am ET, was $2,000 per ounce. That’s up 0.32% from yesterday’s gold price of $1,994. Compared to last week, the price of gold is down 1.73%, and it’s down 1.35% from one month ago. The 52-week gold price high is $2,079, while the 52-week gold price low is $1,991.
As a result, there has been no change in the predicted bearish trend for today, which is dependent on price stability below 2016.90, supported by stochastic negativity in addition to the negative pressure created by the EMA50. It should be noted that our first target is situated at 1977.46. The gold price has been fluctuating within a narrow range since the morning, settling around the 2005.00 level.
Today's anticipated trading range lies between the 1985.00 support and the 2015.00 resistance levels.
NOTE: KEEP FOLLOWING ME FOR MORE ANALYSIS AND MORE INFORMATION ABOUT DIFFERENT PAIRS OF THE MARKET LIKE FOREX, CRYPTOCURRENCIES AND MUCH MORE.
The price of gold today, as of 8:20 am ET, was $2,000 per ounce. That’s up 0.32% from yesterday’s gold price of $1,994. Compared to last week, the price of gold is down 1.73%, and it’s down 1.35% from one month ago. The 52-week gold price high is $2,079, while the 52-week gold price low is $1,991.
As a result, there has been no change in the predicted bearish trend for today, which is dependent on price stability below 2016.90, supported by stochastic negativity in addition to the negative pressure created by the EMA50. It should be noted that our first target is situated at 1977.46. The gold price has been fluctuating within a narrow range since the morning, settling around the 2005.00 level.
Today's anticipated trading range lies between the 1985.00 support and the 2015.00 resistance levels.
NOTE: KEEP FOLLOWING ME FOR MORE ANALYSIS AND MORE INFORMATION ABOUT DIFFERENT PAIRS OF THE MARKET LIKE FOREX, CRYPTOCURRENCIES AND MUCH MORE.
Trade active:
Forex Market will open soon and hoping that I will achieve the target strongly.
look at the current situation of the this asset.
look at the current situation of the this asset.
Trade active:
Still waiting for more updates and gold will fall and create the bearish resistances.
Trade closed manually
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