GOLD 4H : Retest and then will drop
GOLD
New forecast
The price perfectly fulfills my last idea and we got profit about +70 pip.
The price of gold confirmed breaking the 2017 level and the 2007 level after closing yesterday’s trading below it, to fall under bearish corrective pressure again, on its way to visiting the 1977 level, with a reminder that breaking this level will push the price to visit the next corrective level at 1968.
Therefore, we expect to witness further declines during the coming sessions supported by the negative pressure formed by the moving average 50, noting that the 2017 breakthrough will stop the current negative pressure and push the price to try to recover again so now it is possible to start a positive correction until 2007 level and then will drop .
The expect range trading for today it will be between resistance line 2007 and support line 1977 until stabilized .
support line : 1977 , 1968
resistance line : 1993 , 2007
Attention : We don't have any group in telegram be careful about scammer.
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 perfectly fulfills my last idea and we got profit about +70 pip.
The price of gold confirmed breaking the 2017 level and the 2007 level after closing yesterday’s trading below it, to fall under bearish corrective pressure again, on its way to visiting the 1977 level, with a reminder that breaking this level will push the price to visit the next corrective level at 1968.
Therefore, we expect to witness further declines during the coming sessions supported by the negative pressure formed by the moving average 50, noting that the 2017 breakthrough will stop the current negative pressure and push the price to try to recover again so now it is possible to start a positive correction until 2007 level and then will drop .
The expect range trading for today it will be between resistance line 2007 and support line 1977 until stabilized .
support line : 1977 , 1968
resistance line : 1993 , 2007
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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