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ElenaMayi
May 24, 2023 10:18 AM

GOLD 4H (uptrend) Long

GOLD (US$/OZ)TVC

Description

GOLD

Analysis

The price of the Gold recover its positive momentum forcing to stabilize above 1972

currently , consolidation above 1972 it will forcing the price to continue the positive attacked to the resistance areas 1988 - 1998 , and above 1998 it will open the way to reach 2011 and 2024

reminding you that breach and stabilized under 1972 it will forcing the price to lost more again and will open the way to reach 1954 and under that 1944

the expect trading range for today is between the support line 1972 and resistance line 1988

support line :1972 , 1954 , 1944
resistance line :1988 , 1998 , 2011

Uptrend

TP: 1983 = 90 pip
TP: 1988 = 140 pip
TP: 1998 =240 pip

Exit position : 1968 = 60
Low risk

Please trade and risk management carefully during this week.
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