Hello traders, The price of gold fluctuates near the support of the ascending channel. It receives continuous positive support from the moving average of 50, which supports the chances of continuing the rise within this channel and heading towards achieving our positive goals that started in 1996 and extended to 2010.
In general, we will continue to favor the upward trend for today unless the 1983 level is broken and holds a daily close below it.
Pivot Price: 1983
Resistance Price: 1996 & 2010 & 2022
Support price: 1964 & 1947 & 1933
The general trend expected for today is bullish
timeframe: 4H
In general, we will continue to favor the upward trend for today unless the 1983 level is broken and holds a daily close below it.
Pivot Price: 1983
Resistance Price: 1996 & 2010 & 2022
Support price: 1964 & 1947 & 1933
The general trend expected for today is bullish
timeframe: 4H
