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ElenaMayi
May 12, 2023 11:51 AM

GOLD 4H  

GOLD (US$/OZ)TVC

Description

GOLD

Analyze

the gold experiencing an important and decisive support for the trading in the coming period after dropped yesterday to the level 1999

Therefore, the negative scenario will remain valid, reminding you that the breach of 1999 it will push the price to fall to 1988 and under that will reach 1972

to get bullish trend should breach the last broken resistance 2011 then it will support the price to get 2024

The expected trading range for today is between the support 1999 and the resistance 2011

Support line : 1999 , 1988 , 1972
resistance line : 2011 , 2024 , 2038

Any retest to near 1988 you can buy it

TP : 1999
TP : 2011
TP : 2024
Exit position :1984
Comments
arabi777
Hello, very good, in my opinion, in the continuation of the trend, of course, the short-term gold market should be corrected downwards towards 1990 from the range of 2025.
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