Pivot point: 1750
The expected scenario: entering into buying deals at the highest levels of 1770 dollars, targeting the levels of 1790 and then the 1820.
Alternative scenario: entering into short deals at the lowest levels of 1750, targeting the levels of 1720.
Commentary: Gold is still maintaining the general upward trend, in the short term, through the ascending price channel, to witness semi-transverse trading during the current week's trading, between The levels of 1750 to 1770, in an aggregate stage in preparation for the rise and targeting the aforementioned levels, especially in light of the price cohesion above the moving averages (100 - 50), in addition to a positive deviation in the liquidity flow indicator, which supports the positive outlook for gold trading in the short term.
