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SroshMayi
May 11, 2023 6:42 AM

GOLD RANGE 2025 and 2033 Long

GOLD (US$/OZ)TVC

Description

GOLD

Gold price provided positive trading yesterday, reaching a difference of a few points from our expected target in 2048 and it returned to fluctuate around 2030


Thus, we believe that opportunities are available for achieving more gains during the coming sessions, recalling that breaching 2048.70 will push the price to 2070 as the next main target, while the expected rise will remain valid unless the 2019 level is broken and stability below it.



pivot price: 2025
support price: 2006 & 1999 & 1987
resistance price: 2033 & 2047 & 2052

The expected general trend for today: Bullish

the movement range for today will be between 2025 and 2050
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