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GOLD 4H (downtrend)

Kort
TVC:GOLD   CFDs på guld (US $ / OZ)
GOLD

Analyze

The price of Gold show some bearish tendency after breached the support level 1954 and right now will try to retest that level and if couldn't breach it then will drop again

reminding you that consolidation under level 1954 is important to be under sell pressure and to achieve the suggested targets 1944 and 1934

as for renewing bullish attempts, , consolidation above 1954 it will support the price to rise up again and visit the previous areas 1962 and 1972

the expect trading range for today is between the support line 1934 and resistance line 1954

support line : 1944 , 1934 , 1925
resistance line :1954 , 1962 , 1972

Please trade and risk management carefully during this week.

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