GOLD resumes decline
Hello everyone,The price of gold traded with noticeable negativity yesterday, attacking the 1990 barrier, reinforcing expectations of a continuation of the bearish tendency in the immediate term, noting that the expected target rises to 1984.00.
Breaking the mentioned level will extend the downward wave to reach 1963 as the next negative station, taking into account that its consistency in the face of negative pressure will lead the price to resume the main upward trend and head to test the 2009 level initially.
The expected general trend for today: is temporarily bearish
Resistance prices: 2009 & 2018 & 2031
Support prices: 1952 & 1942 & 1928
Breaking the mentioned level will extend the downward wave to reach 1963 as the next negative station, taking into account that its consistency in the face of negative pressure will lead the price to resume the main upward trend and head to test the 2009 level initially.
The expected general trend for today: is temporarily bearish
Resistance prices: 2009 & 2018 & 2031
Support prices: 1952 & 1942 & 1928
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