GOLD building a support base
Hello everyone, The price of gold closed trading yesterday above the 1962 level, and is based on this level to begin offering positive trades at the opening of the day, which supports the chances of achieving more expected gains in the immediate term, awaiting testing the 1975 level, which constitutes an important resistance to intraday trading, as breaching it represents the key. Restoring the main bullish trend and heading to achieve additional positive targets up to 2000 as the next stop.
Therefore, the upward trend will remain likely for the coming period, keeping in mind that breaking 1962 will stop the expected rise and put pressure on the price to decline again.
Pivot Price: 1962
Resistance prices: 1975 & 1986 & 2000
Support prices: 1947 & 1928 & 1907
The general trend expected for today: bullish
Therefore, the upward trend will remain likely for the coming period, keeping in mind that breaking 1962 will stop the expected rise and put pressure on the price to decline again.
Pivot Price: 1962
Resistance prices: 1975 & 1986 & 2000
Support prices: 1947 & 1928 & 1907
The general trend expected for today: bullish
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