ElenaMayi

GOLD 4H (Uptrend above 1954)

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
GOLD

Analyze

The price of Gold lost its positive momentum forcing to lost a lot of points and retest again to important support 1954

reminding you that consolidation above 1954 it will support the price to rise up again and recovery its positive momentum to retest again to 1962 , 1972 and 1988

as for renewing bearish attempts, , consolidation under 1954 is important to achieve the suggested targets as breaching it will push the price to build bearish wave to reach 1944 , 1934 and 1925


the expect trading range for today is between the support line 1954 and resistance line 1972

support line : 1954, 1944 , 1925
resistance line :1962 , 1972 , 1988


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

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