GOLD 4H : 1873 will determine the direction
GOLD
New forecast
The price perfectly fulfills my last idea and price reached to our targets.
Gold price trading stabilizes at the 1873 level after the strong decline it witnessed yesterday, and we are likely to resume negative trading to break the aforementioned level and open the way to heading towards the 1860 levels and then 1845 as the next negative stations but first it should stable under 1873 level and then our targets will be available.
Therefore, the downward trend scenario will remain expected for the coming period, taking into account that failure to exceed 1873 will halt the expected decline and lead the price to begin an upward correction targeting initially testing the 1885 and then 1994 areas.
The expect range trading for today it will be between the resistance line 1894 and support line 1873 until stabilized .
Additionally ,Today News will affect the market .
support line : 1873 , 1860
resistance line : 1885 , 1894
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.
Gold price trading stabilizes at the 1873 level after the strong decline it witnessed yesterday, and we are likely to resume negative trading to break the aforementioned level and open the way to heading towards the 1860 levels and then 1845 as the next negative stations but first it should stable under 1873 level and then our targets will be available.
Therefore, the downward trend scenario will remain expected for the coming period, taking into account that failure to exceed 1873 will halt the expected decline and lead the price to begin an upward correction targeting initially testing the 1885 and then 1994 areas.
The expect range trading for today it will be between the resistance line 1894 and support line 1873 until stabilized .
Additionally ,Today News will affect the market .
support line : 1873 , 1860
resistance line : 1885 , 1894
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
GOLD
UPDATE
The price perfectly fulfills my last idea and price reached to our target +130 pip
UPDATE
The price perfectly fulfills my last idea and price reached to our target +130 pip
update
after 3 minutes we have important news so be careful