GOLD NEW PEAK...

٧ مايو ٢٠٢٣

as we said in the last week GOLD will see a new peak and has already reached all the targets

GOLD reached the peak and closed the weekly candle under 2034.90

so we have the consolidation zone between 2035 and 1965 for the next week the price will move between this zone till breaking to their side
and in the first will try to touch 2034 and then will drop to get 1965 again

so closing the daily candle above 2035 will support rising to touch 2081 for the next week

but closing the candle under 1968 will support falling to get 1927 for the next week

pivot price: 2035
support price: 1990 & 1965 & 1927
resistance prices: 2045 & 2065 & 2081

The expected general trend for the next week: Bearish

The expected trading range for the next week is between the support 1964 and the resistance 2035