Gold price resumes the rise – Analysis

٤ يناير ٢٠٢٣

Gold price returned to rise after the decline that it witnessed in the previous sessions, to approach 1850.00 level, waiting for more bullish bias to head towards our next main target that reaches 1900.00.

Therefore, we will continue to suggest the bullish trend for the upcoming period, organized inside the bullish channel that appears on the chart, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1824.50 and the most important above 1815.75.

The expected trading range for today is between 1830.00 support and 1865.00 resistance.

The expected trend for today: Bullish

٤ يناير ٢٠٢٣

ملاحظة

Gold price breached 1850.00 level strongly to confirm the continuation of the bullish trend domination for the rest of the day, opening the way to achieve more gains that reach 1900.00, to keep the positive scenario active on the intraday and short term basis, reminding you that it is important to hold above 1824.50 to continue the expected rise.

The expected trading range for today is between 1850.00 support and 1870.00 resistance.

The expected trend for today: Bullish

٦ يناير ٢٠٢٣

تم فتح الصفقة

Gold price gets a positive signal

Gold price continued to decline to reach the bullish channel’s support line, noticing that the price begins to rebound bullishly now, motivated by stochastic positivity that appears clearly now, to keep our overall bullish overview, which its next main target located at 1900.00.

The EMA50 continues to support the price from below, reinforcing the expectations of continuing the bullish trend, noting that breaking 1826.00 will stop the expected rise and press on the price to start correctional bearish wave.

٩ يناير ٢٠٢٣

تم فتح الصفقة

Gold price achieves strong gains

Gold price shows weak trades since morning, affected by stochastic negativity to show some slight bearish bias, and as long as the price is above 1835.00, our bullish overview will remain valid for today, supported by the EMA50 that keeps carrying the price from below, reminding you that our waited targets begin at 1900.00 and extend to 1928.60.

١٠ يناير ٢٠٢٣

ملاحظة

Gold price attempts to breach the bullish flag’s resistance mentioned this morning, accompanied by witnessing positive overlapping signal through stochastic, waiting to resume the bullish wave that targets 1900.00 followed by 1928.60 levels as next main stations, reminding you that the expected rise depends on the price stability above 1862.00.

١١ يناير ٢٠٢٣

ملاحظة

Gold price completes the bullish pattern

Gold price managed to breach the bullish flag’s resistance and settled above it, to get positive motive that we are waiting to push the price to provide new positive trading that its targets begin at 1900.00 and extend to 1928.60.

The EMA50 continues to support the price from below, to keep the bullish trend scenario valid and active in the upcoming sessions unless breaking 1865.00 and holding below it.

١١ يناير ٢٠٢٣

ملاحظة

Gold price resumes its positive trades to approach our first waited target at 1900.00, getting continuous support by the EMA50, waiting to head towards 1928.60 as a next main station, to keep our bullish overview conditioned by the price stability above 1865.00.

١٣ يناير ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

Gold price hits the target

Gold price resumed its positive trades to succeed achieving our first waited target at 1900.00 and settles there, and we suggest the continuation of the bullish bias to head towards our next positive station at 1928.60.