Given the gold chart, we see that the current price is in the support area is very strong between the two rates of about 1080 and 1100. And what gives the support area of this force is that it has been tested at least twice: once on 12 December and on time on January 2, ex and it still does not price at any time to penetrate to the bottom of the support.
Also if you look at the chart the previous finding that the price has already begun in the formation of higher tops and bottoms is higher than the previous ones (higher highs and higher lows) which indicates that the price has begun to change its direction to continue to qualify for the gold price increase.
Therefore, we believe that now is an appropriate opportunity to buy gold while taking the necessary precautions in case if the disappointed hopes of gold and was able to penetrate the support in the light of the significant improvement in the price of the dollar. And God bless.
Also if you look at the chart the previous finding that the price has already begun in the formation of higher tops and bottoms is higher than the previous ones (higher highs and higher lows) which indicates that the price has begun to change its direction to continue to qualify for the gold price increase.
Therefore, we believe that now is an appropriate opportunity to buy gold while taking the necessary precautions in case if the disappointed hopes of gold and was able to penetrate the support in the light of the significant improvement in the price of the dollar. And God bless.
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