Hello everyone,
GOLD NEW FORECAST
The gold price is showing new positive trading after basing itself on the 2007 level in the past sessions, to support the continuation of the upward trend during the coming sessions, organized within the ascending channels that appear in the chart above, noting that our next target is at 2022.
The current negativity of the Stochastic indicator may cause some temporary sideways fluctuation until the price obtains positive momentum that contributes to the resumption of the proposed upward wave, which will remain in place unless the levels of 2007 and then 2000 are broken and held below them.
Pivot Price: 2007
Resistance prices: 2022 & 2035 & 2054
Support prices: 2000 & 1990 & 1983
The general trend expected for today is bullish
GOLD NEW FORECAST
The gold price is showing new positive trading after basing itself on the 2007 level in the past sessions, to support the continuation of the upward trend during the coming sessions, organized within the ascending channels that appear in the chart above, noting that our next target is at 2022.
The current negativity of the Stochastic indicator may cause some temporary sideways fluctuation until the price obtains positive momentum that contributes to the resumption of the proposed upward wave, which will remain in place unless the levels of 2007 and then 2000 are broken and held below them.
Pivot Price: 2007
Resistance prices: 2022 & 2035 & 2054
Support prices: 2000 & 1990 & 1983
The general trend expected for today is bullish
Trade active:
We had indicated that gold would continue to rise
