بسم الله الرحمن الرحيم
gold analysis…
Gold made important monthly positive closings. It also made important price behavior (on the weekly time frame), which is an excellent uptrend.
(يتوقع)
The signs are positive for gold, which gives an expectation of a rise in prices during the next week, but it is not hidden that the levels in which gold is trading now are very strong levels (1990), so the rise of gold will be more successful if it corrects a little from the existing demand area
Between the level (1961-1943) where this area is very important.
It is also supported by areas of bottoms (I mean the presence of liquidity), as this is an important indicator to support the rise after taking these bottoms. The first goals are from 2005-2010, and then a goal can be taken at 2020. If these goals are achieved, there will be a trend to the last summit.
Note: Gold can be purchased from the mentioned levels, provided that a price action that supports the rise occurs.
