GOLD 4H (Try to retest and then drop )
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GOLD
OUTLOOK
Gold prices are stable on Thursday, and began to recover after three days of losses, as hawkish signals from the Federal Reserve boosted the dollar, warning of further weakness for the yellow metal.
Currently , as long as price trade under 1902 the price of gold will be under sell pressure and will be continue at the negative attacks to reach the next support line 1886 and 1865 and now try to retest the previous broken zone and then will drop
other wise , consolidation above 1902 will help the price to retest wider to 1912 and then drop again
the expect range trading for today will be between resistance line 1902 and support line 1886
Additionally , Today news will affect the market
Additionally , The Fed shocks the markets again and says it explicitly (we have not finished raising the interest)..
This matter led to the crowning of the US_dollar with the title of master of the markets, and in return, gold bled to its lowest level in 5 months at 1888 an ounce.
support line : 1895 , 1886
resistance line : 1902 , 1912
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OUTLOOK
Gold prices are stable on Thursday, and began to recover after three days of losses, as hawkish signals from the Federal Reserve boosted the dollar, warning of further weakness for the yellow metal.
Currently , as long as price trade under 1902 the price of gold will be under sell pressure and will be continue at the negative attacks to reach the next support line 1886 and 1865 and now try to retest the previous broken zone and then will drop
other wise , consolidation above 1902 will help the price to retest wider to 1912 and then drop again
the expect range trading for today will be between resistance line 1902 and support line 1886
Additionally , Today news will affect the market
Additionally , The Fed shocks the markets again and says it explicitly (we have not finished raising the interest)..
This matter led to the crowning of the US_dollar with the title of master of the markets, and in return, gold bled to its lowest level in 5 months at 1888 an ounce.
support line : 1895 , 1886
resistance line : 1902 , 1912
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
ノート
GOLD Update
As we mentioned the price will try to retest and then will drop and already price reached to the 1886
Now , price will try again to the previous broken area 1996 level and then will drop but to confirm the bearish trend should stable under 1886 and then will reach 1874 and 1865
support line : 1886 , 1874
resistance line : 1895 , 1902
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