GOLD 4H :above 1826 will try to correction
GOLD
New forecast
The price of gold resumes its negative trading after the rise it witnessed in the past sessions, prompting the price to resume the expected downward trend for the coming period, whose targets begin at 1810 and extend to 1800 level supported by bearish channel and dollar strong.
Therefore, the downward trend scenario will remain effective in the immediate and short term in one condition that price stabilized below the 1926 level , keeping in mind that breaching 1826 and stabilized above it will push the price to corrective to 1935 and 1940 before any drop and will stop the proposed decline and lead the price to begin recovery attempts and head towards the resistance .
The expect range trading for today it will be between the resistance line 1810 and support line 1826.
Additionally ,Today News will affect the market .
support line : 1810 , 1800
resistance line : 1826 , 1835
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 resumes its negative trading after the rise it witnessed in the past sessions, prompting the price to resume the expected downward trend for the coming period, whose targets begin at 1810 and extend to 1800 level supported by bearish channel and dollar strong.
Therefore, the downward trend scenario will remain effective in the immediate and short term in one condition that price stabilized below the 1926 level , keeping in mind that breaching 1826 and stabilized above it will push the price to corrective to 1935 and 1940 before any drop and will stop the proposed decline and lead the price to begin recovery attempts and head towards the resistance .
The expect range trading for today it will be between the resistance line 1810 and support line 1826.
Additionally ,Today News will affect the market .
support line : 1810 , 1800
resistance line : 1826 , 1835
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
