Hello everyone, The price of gold rose strongly yesterday to succeed in achieving our expected target of 1985. We notice that the price begins today with more positivity to try to penetrate this level, which leads the price to achieve more expected gains during the coming sessions, paving the way for heading towards the levels of 1991 and then 2009 as stations—next main.
Moving average 50 continues to support the proposed bullish wave, taking into account that failure to consolidate above 1977.25 will stop the expected rise and put pressure on the price to turn lower.
Pivot Price: 1977
Resistance Price: 1991 & 2009 & 2024
Support price: 1957 & 1943 & 1929
timeframe: 4H
Moving average 50 continues to support the proposed bullish wave, taking into account that failure to consolidate above 1977.25 will stop the expected rise and put pressure on the price to turn lower.
Pivot Price: 1977
Resistance Price: 1991 & 2009 & 2024
Support price: 1957 & 1943 & 1929
timeframe: 4H
