Pivot point: 1817
The preferred scenario: Entering long positions at the highest levels of 1817, targeting the levels of 1845 and then to 1890 dollars.
Alternative scenario: entering short deals in case the price breaks the levels of 1817, targeting the levels of 1790 dollars.
Commentary: Gold is still maintaining the general upward trend in the short term, through the ascending price channel, which worked to raise the price from the levels of 1750 to 1835 dollars , which it recorded during the beginning of trading today, Thursday, so it is likely that we will witness more rises before the end of this week’s trading, targeting the levels of 1845 dollars, especially in light of the presence of the price above the moving averages (50-100), in addition to a positive deviation in the index. Liquidity flow, in the direction of purchase.
