GOLD 1H : 1930 will be determined the direction for today
GOLD
OUTLOOK
Gold prices stabilized on Monday as investors continued to take into account the Federal Reserve's possible halt to raising interest rates at its monetary policy meeting this week, with a focus on the US central bank's interest expectations.
Technical abstract :
The gold price shows more upward bias, and attempts are being made to breach the 1930 level now, to support the chances of continuing positive trading and heading towards achieving gains that reach 1940 initially.
Therefore, an upward bias will be expected for today but to confirm that should stable above 1930 and then will rise up .
On the other hand, it should be noted that failure to break through 1930 will put pressure on the price to decline and visit the 1920 areas again.
The expect range trading for today it will be between resistance line 1930 and support line 1920
support line : 1920 , 1912
resistance line : 1930 , 1940
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Gold prices stabilized on Monday as investors continued to take into account the Federal Reserve's possible halt to raising interest rates at its monetary policy meeting this week, with a focus on the US central bank's interest expectations.
Technical abstract :
The gold price shows more upward bias, and attempts are being made to breach the 1930 level now, to support the chances of continuing positive trading and heading towards achieving gains that reach 1940 initially.
Therefore, an upward bias will be expected for today but to confirm that should stable above 1930 and then will rise up .
On the other hand, it should be noted that failure to break through 1930 will put pressure on the price to decline and visit the 1920 areas again.
The expect range trading for today it will be between resistance line 1930 and support line 1920
support line : 1920 , 1912
resistance line : 1930 , 1940
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
