GOLD
New forecast
The price of gold fell yesterday to test the pivotal resistance centered at 1962, and the price rebounded from it significantly upward, resuming the expected upward path in the immediate term, and we expect that the way is open to achieving our positive goals that begin at 2000 and extend to 2007.
Therefore the upward scenario will be remain valid but to confirm the bullish trend should stable above 1993 and then our target will be activate . supported by moving average 50 that is continue to support the price to rise up , and the upward will be remain in place unless the levels of 1975 and then 1962 are broken and stable below them.
The expect range trading for today it will be between resistance line 1993 and support line 1975 until stabilized .
Additionally ,Today News will affect the market .
support line : 1975 , 1962
resistance line : 1993 , 2000
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