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GOLD 4H : Support further rise up

已更新

GOLD

New forecast

The price perfectly fulfills my last idea and price reached to our second targets + 200 pip .

The price of gold opened today’s trading with a strong rise to cover our target at 2007, as the last four-hour candle closed above it, which supports the chances of the bullish wave continuing in the immediate and short term, noting that the next target is at 2020 and 2030.

therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to rise up , keeping in mind that breaking the 2007 and then 2000 levels will stop the expected rise and put pressure on the price to start a downward wave in the immediate term.

The expect range trading for today it will be between resistance line 2020and support line 2000 until stabilized .

Additionally ,Today News will affect the market .

support line :2007 , 2000
resistance line : 2020 , 2030

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注释

GOLD

Update

The price of gold appears to fluctuate around the pivotal support at the 2007 level and shows new positive trading. In the past sessions, to support the continuation of the upward trend during the coming sessions, organized within the ascending channels, and our target will be 2020 level extend to 2030 level .

Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 and Ascending channel presses the price to rise up , taking into account that stabilized under 2007 will put the price under sell pressure and postponed the bullish waves , so it is possible to do a retest to 2007 and then rise up .

The expect range trading for today it will be between resistance line 2020and support line 2000 until stabilized .

Additionally ,Today News will affect the market .

support line :2007 , 2000
resistance line : 2020 , 2030

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️

交易结束：到达目标

GOLD

UPDATE

The price perfectly fulfills my last idea and price reached to our first target +70 pip.

now , if price can stable above 2020 then will try to reach 2030

交易结束：到达目标

GOLD

Update

The price perfectly fulfills my last idea and price reached to our targets + 200 pip.

The price of gold rose in yesterday’s trading and reached all targets, and opens the day with more positivity to approach the resistance of the ascending channel, and is trying to confirm crossing the resistance of the ascending intraday channel that appears in the chart, waiting for a positive incentive that contributes to pushing the price to continue rising and achieving additional gains of up to Areas 2055 and 2067, and by breaking them, it will reach 2075.

Therefore the upward scenario will be remain valid and effective during coming period and the 50 moving average continues to support the proposed bullish wave, taking into account that failure to surpass the current resistance around 2055 will put pressure on the price to decline towards the pivotal 2007 support level before any new positive attempt,so it is possible to start a negative correction to 2030 or 2020 and then will rise up .

The expect range trading for today it will be between resistance line 2067 and support line 2020 until stabilized .

Additionally ,Today News will affect the market .

support line :2030 , 2020
resistance line : 2055 , 2067

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Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️

交易手动结束

GOLD

UPDATE

The price perfectly fulfills my last idea and we got a profit about +60 pip so if you want to hold put SL at entry .

注释

GOLD

Update

The price perfectly fulfills my last idea and we got about +70 pip and still running .

Gold price is trading around the resistance of the bullish intraday channel, waiting for positive momentum that will contribute to pushing the price to resume the main upward trend, which targets the 2055 areas and extends to 2067 as the next main station.

Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that is continues to support the proposed bullish wave, with the need to be aware that breaking 2030 will put the price under immediate negative pressure that targets testing the 2020 areas and may extend to 2007 before any new attempt to rise.so it is possible to do a retest and then rise up.

The expect range trading for today it will be between resistance line 2067 and support line 2020 until stabilized .

Additionally ,Today News will affect the market .

support line :2030 , 2020
resistance line : 2055 , 2067

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️

注释

GOLD

Update

The price perfectly fulfills my last idea and and we got about +50 pip and still running .

The price of gold has risen since yesterday, after retested the support line at the 2030 level and as we see the price rise up from here confirmed the strong of bullish trend , waiting for the price to be stimulated to resume the main upward trend, which targets the 2055 areas and extends mainly to the 2067 level.

Therefore the upward scenario will be remain valid and effective supported by moving average 50 that is continue to support the price to rise up , ascending channels continue to organize the proposed upward wave and support the chances of achieving more gains during the coming sessions, keeping in mind that breaking 2030 may put pressure on the price to decline and test the 2007 level initially before any new attempt to rise.

The expect range trading for today it will be between resistance line 2067 and support line 2020 until stabilized .

Additionally ,Today News will affect on the market .

support line : 2030 , 2020
resistance line : 2055 , 2067

Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️

交易结束：到达目标

GOLD

The price perfectly fulfills my last idea and price reached to our second targets +380 pip.
close it or if you want to hold put SL at entry .