GOLD
New forecast
The price of gold faced negative pressure in yesterday’s trading to attack the 1873 level. Continuing above the 1873 level provides continuous support for the price, which supports the chances of resuming the upward wave targeting the 1884 level. A break and stability above it increases the hypothesis of a rise and heads towards 1894 as the next main station.
Therefore, the upward trend scenario will remain effective for the coming period, keeping in mind that failure to consolidate above 1884 will put pressure on the price to turn lower and build a descending wave whose next main target is at 1873.
The expect range trading for today it will be between resistance line 1894 and support line 1873 until stabilized
Additionally ,Today News will affect the market
support line : 1873 , 1863
resistance line : 1884 , 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 of gold faced negative pressure in yesterday’s trading to attack the 1873 level. Continuing above the 1873 level provides continuous support for the price, which supports the chances of resuming the upward wave targeting the 1884 level. A break and stability above it increases the hypothesis of a rise and heads towards 1894 as the next main station.
Therefore, the upward trend scenario will remain effective for the coming period, keeping in mind that failure to consolidate above 1884 will put pressure on the price to turn lower and build a descending wave whose next main target is at 1873.
The expect range trading for today it will be between resistance line 1894 and support line 1873 until stabilized
Additionally ,Today News will affect the market
support line : 1873 , 1863
resistance line : 1884 , 1894
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UPDATE
The price perfectly fulfills my last idea and price reached to our second target + 260 pip .