GOLD 4H : 1873 is supporting to rise

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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

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GOLD

UPDATE

The price perfectly fulfills my last idea and price reached to our second target + 260 pip .
Technical IndicatorsSupport and ResistanceTrend AnalysisXAUUSDxauusdanalysisxauusdlong

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