Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Gold prices continue to achieve gains to achieve all our bullish targets during the current trading week, surpassing the last official target required to be touched during the previous session at 1902, to record its highest level of 1907 during early trading for the current session.
Today’s technical vision indicates the possibility of continuing the rise, depending on the stability of the intraday trading above the psychological barrier resistance and the most important 1890 accompanied by the continuation of gold prices getting a positive stimulus from the 50-day simple moving average.
Thus, 1917/1918 is the expected target, and the gains may extend later to the visit of 1928. Only from below is the return of stability of trading again below 1883/1880 delaying the bullish chances, but not eliminating it, and we may witness a re-test targeting the 1860 level initially.
Note: The level of risk may be high.
| S1: 1883.00 | R1: 1918.00 |
| S2: 1860.00 | R2: 1930.00 |
| S3: 1848.00 | R3: 1953.00 |
