hello everyone,The gold price shows additional positive trading to move away from the 1943 level, which makes us expect the bullish trend to continue for the rest of the day, targeting visiting the 1962 level as a main positive target.
Consolidation above 1943 keeps the expected rise intact, as breaking it represents the key to returning to resuming the downward trend, the objectives of which begin with testing the 1928 level, and then attempting to break it to open the way for the rush towards the next corrective level that reaches 1912 .
Pivot Price: 1943
Resistance prices: 1962 & 1976 & 1989
Support prices: 1928 & 1912 & 1897
The general trend expected for today: bullish for the rest of the day