GOLD
Outlook
Gold prices rose during these moments of trading, today, Wednesday, from their lowest levels in one month, which they recorded in the previous session, in conjunction with the decline in the dollar and bonds, one day before the release of important US inflation data in determining the path of the federal interest.
additionally, And the prices of the precious metal received tremendous support during the past few hours from Moody’s decision to downgrade the rating of many US banks, as gold is a safe haven in times of crisis and economic uncertainty.
Currently , consolidation under 1931 it will make the price under sell pressure to touch 1922 and stabilized under 1922 by 4H then it will lose more points until reach 1912 and 1900
as for renewing the bullish attempts, this requires the price to consolidation above 1932 and then will reach 1943 and to confirm the bullish trend should stable above 1943 and then will rise up to 1953
the expect trading range for today is between the 1931 and 1922 until stabilized
support line : 1922 , 1912
resistance line : 1931 , 1943
News will affect the market directly
Also be careful about randomly movement❗️
what is your opinion ??
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
Outlook
Gold prices rose during these moments of trading, today, Wednesday, from their lowest levels in one month, which they recorded in the previous session, in conjunction with the decline in the dollar and bonds, one day before the release of important US inflation data in determining the path of the federal interest.
additionally, And the prices of the precious metal received tremendous support during the past few hours from Moody’s decision to downgrade the rating of many US banks, as gold is a safe haven in times of crisis and economic uncertainty.
Currently , consolidation under 1931 it will make the price under sell pressure to touch 1922 and stabilized under 1922 by 4H then it will lose more points until reach 1912 and 1900
as for renewing the bullish attempts, this requires the price to consolidation above 1932 and then will reach 1943 and to confirm the bullish trend should stable above 1943 and then will rise up to 1953
the expect trading range for today is between the 1931 and 1922 until stabilized
support line : 1922 , 1912
resistance line : 1931 , 1943
News will affect the market directly
Also be careful about randomly movement❗️
what is your opinion ??
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
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