♦️ Gold shines again ♦️
????Gold managed to hold above the support 1988.00, which is the pivot point on the near level.
With the issuance of important evidence today, it broke the 1988.00 barrier, and rose strongly, breaking the 2022.00 barrier directly, without any correction process on the chart, until writing the daily analysis.
Stability of prices above 2000.00 levels in the short term currently will push to continue between the level of 2005.00 // 2050.00 until the end of the day, and expectations are the expected maximum level of 2060.00 until the end of this week.
The current price is 2022.00
♦️ The expected station for the end of the purchasing momentum
Referring to the RSI will stabilize
And the closing of the next day, as I expect, will be 2050.00.
Therefore, we are above the trend line of the daily support 2005.00, which is very positive
for gold and supports the rise.
♦️ If 2050.00 is broken, prices will head to new highs that did not reach 2100.00.
♦️ We sent the previous technical analysis, and there was an exit from the bearish range today, and therefore we misjudged our expectations regarding the strength of the dollar index yesterday ????
♦️ The current situation, we do not recommend selling gold until the end of this week.
♦️ We strive as much as possible to send daily trading signals and follow up directly.
Good morning everyone
your brother a. Abdullah Jabr
@alaraby01
