Gold Price Prediction after Range
Currently, the asset has entered a sideways movement.
We are trading on the D TF between the 100-day and 50-day ema: $1936 - $1982.
A breakout from this sideways range will lead us to the following targets:
🛑 Put Target: $1890
✅ Call Target: $2049
If the price drops to $1890, I expect a continuation of the uptrend.
At that level, we also have the 200-day moving average, which has historically acted as a support level for the asset.
We are trading on the D TF between the 100-day and 50-day ema: $1936 - $1982.
A breakout from this sideways range will lead us to the following targets:
🛑 Put Target: $1890
✅ Call Target: $2049
If the price drops to $1890, I expect a continuation of the uptrend.
At that level, we also have the 200-day moving average, which has historically acted as a support level for the asset.