GOLD 1H : Try to rise up

GOLD

New forecast

The price of gold traded with noticeable negativity yesterday, attacking the 1987 barrier and quickly rebounding from it and holding above the 1993 level, reinforcing expectations of a continuation of the upward trend in the immediate term, noting that the expected target rises to 2000.

Breaking the mentioned level will extend the upward wave to 2007 level as the next positive station.therefore the upward scenario will be remain valid , taking into account that stabilized under 1975 level will put the price under sell pressure and postponed the bullish waves .so it is possible to do a retest to 1987 and then rise up again .

The expect range trading for today it will be between resistance line 2007 and support line 1975 until stabilized .

support line :1993 , 1987
resistance line : 2000 , 2007

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GOLD

UPDATE

The price of gold fluctuates around the 1993 region, so we are still at our last idea and our last idea is still active.

for reminder today news will affect the market