Hello everyone,The gold price tested the first support floor at 1975 and maintains its stability above it, coinciding with the emergence of clear positive signals through the Stochastic indicator, waiting to stimulate the price to resume the expected upward trend for the coming period, which targets the 1990 and then 2000 levels as the next main stations.
The 50 moving average supports the price from below, reinforcing expectations of a continuation of the upward bias in the immediate term, while keeping in mind that breaking the levels of 1975.00 and then 1963 will stop the positive scenario and put pressure on the price to return to the bearish corrective path again.
Pivot Price: 1975
Resistance prices: 1990 & 2000 & 2009
Support prices: 1963 & 1952 & 1942
The general trend expected for today: bullish
The 50 moving average supports the price from below, reinforcing expectations of a continuation of the upward bias in the immediate term, while keeping in mind that breaking the levels of 1975.00 and then 1963 will stop the positive scenario and put pressure on the price to return to the bearish corrective path again.
Pivot Price: 1975
Resistance prices: 1990 & 2000 & 2009
Support prices: 1963 & 1952 & 1942
The general trend expected for today: bullish
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