GOLD 1D (a volatile week with the USA debt)

2023年5月28日

as we said in the last week GOLD will drop to reach 1935 from 1979 so already reached there

GOLD for this week will be volatile between 1953 and 1922 till breaks one side, if you see a daily candle closing under 1922 it means will drop to touch 1875 because will lose their bullish power
and for this week will tries to touch 1922 because is under 1953

but as long as trade is above 1922 and 1953 it tries to stable at the bullish zone to touch 1979 and 1983

so closing the daily candle above 1953 will support rising to touch 1983 for the next week

but closing the candle under 1920 will support falling to get 19012 and 1875 for the next week

pivot price: 1953
support price: 1973 & 1991 & 2025
resistance prices: 1922 & 1904 & 1875

A tendency for the next week: Bearish with volatility

The expected trading range for this week is between the support 1922 and the resistance 1950