GOLD
From the main (news) side
Gold movements are still confined to the narrow trading range around 1934-1954 dollars since the attempt to recover from the low of May 25, without any significant driving force so far, with a balance of momentum in the neutral zone.
Gold is a commodity priced in US dollars, so it was logical for gold prices to witness a decline with the recent rises in the dollar, but the positive impact on gold as a safe haven amid the current inflationary pressures, the decline in risk appetite and the fading hopes of reaching an agreement on the US debt ceiling
From the technical side
The price of Gold still under sell pressure and losing points, so reminding you that consolidation under 1954 the chance of decline increase to reach the suggested targets 1934 if stable under 1934 then will try to reach 1925 and then 1913
as for renewing the bullish attempts , this requires the price to from the strong bullish impulse until consolidation above 1954 and then will open the way to reach 1962 and 1972
the expect trading range for today is between the support line 1934 and resistance line 1954
support line : 1934 , 1925 , 1913
resistance line : 1954 , 1962 , 1972
Please trade and risk management carefully during this week.
From the main (news) side
Gold movements are still confined to the narrow trading range around 1934-1954 dollars since the attempt to recover from the low of May 25, without any significant driving force so far, with a balance of momentum in the neutral zone.
Gold is a commodity priced in US dollars, so it was logical for gold prices to witness a decline with the recent rises in the dollar, but the positive impact on gold as a safe haven amid the current inflationary pressures, the decline in risk appetite and the fading hopes of reaching an agreement on the US debt ceiling
From the technical side
The price of Gold still under sell pressure and losing points, so reminding you that consolidation under 1954 the chance of decline increase to reach the suggested targets 1934 if stable under 1934 then will try to reach 1925 and then 1913
as for renewing the bullish attempts , this requires the price to from the strong bullish impulse until consolidation above 1954 and then will open the way to reach 1962 and 1972
the expect trading range for today is between the support line 1934 and resistance line 1954
support line : 1934 , 1925 , 1913
resistance line : 1954 , 1962 , 1972
Please trade and risk management carefully during this week.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
