GOLD 4H : Support further decline
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GOLD
New forecast
The price of gold has declined and shows more bearish tendency to exceed the moving average of 50, to support expectations for the continuation of the bearish corrective scenario, which aims to test the 1962 level initially, with a reminder that breaking this level will push the price to 1947 as the next negative station.
Therefore the downtrend scenario will be remain valid and effective during coming period ,Consistency below 1975 is important for the continuation of the expected decline, as breaching it represents a positive factor that will lead the price to begin recovery attempts and restore the main upward trend again.
The expect range trading for tomorrow it will be between resistance line 1975 and support line 1962 until stabilized .
Additionally ,Today News will affect the market .
support line : 1962 , 1947
resistance line : 1975 , 1987
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New forecast
The price of gold has declined and shows more bearish tendency to exceed the moving average of 50, to support expectations for the continuation of the bearish corrective scenario, which aims to test the 1962 level initially, with a reminder that breaking this level will push the price to 1947 as the next negative station.
Therefore the downtrend scenario will be remain valid and effective during coming period ,Consistency below 1975 is important for the continuation of the expected decline, as breaching it represents a positive factor that will lead the price to begin recovery attempts and restore the main upward trend again.
The expect range trading for tomorrow it will be between resistance line 1975 and support line 1962 until stabilized .
Additionally ,Today News will affect the market .
support line : 1962 , 1947
resistance line : 1975 , 1987
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade fermée: cible de profit atteinte
GOLD The price perfectly fulfills my last idea and price reached to our first target +65 pip.
Now , if can price stable under 1962 by 4H candle then it will be continue at the bearish trend and will support the price to reach 1947.other wise if price failure to stabilized under 1962 and reversed to above 1962 then will will support the price to rice up again.
Trade fermée: cible de profit atteinte
GOLD
Update
The price perfectly fulfills my last idea and price reached to our target +90 pip and still running ...
The price of gold succeeded in reaching our expected target at 1962 and stabilized near it, falling under negative pressure. We expect it to push the price to exceed the aforementioned level and open the way for further downward correction during the coming sessions, remembering that the next target is at 1947.
Therefore the bearish trend will be remain valid and effective ,taking into account that it is possible to retest to 1975 and then drop so stabilized above 1975 will postponed the bearish trend .
The expect range trading for tomorrow it will be between resistance line 1975 and support line 1962 until stabilized .
Additionally ,Today News will affect the market .
support line : 1962 , 1947
resistance line : 1975 , 1987
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade fermée: cible de profit atteinte
GOLD Update
The price perfectly fulfills my last idea and price reached to our first target + 70 pip,
now to continue at the bearish trend should stable under 1962 and then will reach 1947.
Trade fermée: cible de profit atteinte
GOLD The price perfectly fulfills my last idea and price reached to our target and is near to second target +180 pip .
Trade fermée: cible de profit atteinte
GOLD
UPDATE
The price perfectly fulfills my last idea and price reached to our target +200 pip.
The gold price shows new negative trading to move away from the 1962 level, reinforcing expectations of a continuation of the downward trend during the coming sessions, waiting to visit the 1932 level as a next corrective target.
Therefore the downtrend scenario will be remain valid and effective ,but to confirm the bearish trend should stable under 1947 and then our target will be activate .in addition to the negative pressure formed by the moving average 50, keeping in mind that the 1962 breach will stop the expected decline and lead the price to attempt to restore the main upward trend again.
The expect range trading for tomorrow it will be between resistance line 1962 and support line 1947 until stabilized .
Additionally ,Today News will affect the market .
support line : 1947 , 1932
resistance line : 1962 , 1975
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
GOLD
Update
The price of gold rose up yesterday to test the pivotal resistance of 1962, and we notice that the price is consolidating below this level, waiting for the price to be stimulated to resume the downward corrective trend, which targets the 1947 level, and stability below it will facilitate the task for the price to reach 1932 as the next main station.
Therefore the downtrend scenario will be remain valid ,supported by the negative pressure formed by the moving average 50, keeping in mind that breaching the 1962 levels will stop the expected decline and push the price to restore the main upward trend again.
The expect range trading for tomorrow it will be between resistance line 1962 and support line 1947 until stabilized .
Additionally ,Today News will affect the market .
support line : 1947 , 1932
resistance line : 1962 , 1975
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade fermée: cible de profit atteinte
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