#Gold Price Moved into a Short-Term Positive Zone above $1.965: 18 April 2022

Posted by Clara Mellor on 02:42 with No comments

 Gold price started a fresh increase from the $1,950 pivot level against the US Dollar. The price broke the $1,965 resistance zone to move into a short-term bullish zone.

There was a move above a key bearish trend line with resistance near $1,975 on the hourly chart. The price even climbed above the $1,980 and settled above the 50 hourly simple moving average. It is now trading near the $1,985 level and consolidating gains.

An immediate resistance is near the $1,988 level. The next main resistance could be near the $2,000 level, above which the price could start another steady increase. In the stated case, it could rise towards $2,025.

If not, the price could decline below $1,980 on . The next major support is near the $1,965 level, below which the price might decline towards the $1,950 support level in the near term.


For more forex gold Indices analysis, Signals and Account management services text me on my telegram: Claramellor

#Singapore #Dubai #Brasil  #UAE #USA #Amsterdam #Brussels #Dublin #Lisbon #London #Paris #fx #fxinvestment #fxanalysis #fxtrader #scalping #xauusdgold #xauusdsignals #xauusdsignals #xauusdtrader #Singapore #Hongkong #Dubai #UK #Russia #Serbia #Germany #Kuwait #Malaysia #Jordan