GOLD price is recovering

hello everyone,The price of gold confirmed the breach of the 1987 level after closing the daily candle above it, opening the way for the continuation of the rise and heading towards achieving positive targets starting at 2000 and then 2009 , so that the upward bias is likely for today, supported by the 50 moving average that carries the price from below.



We point out that the continuation of the bullish wave requires stability above 1987, and most importantly above 1963 , as breaking this level represents a negative factor that will put pressure on the price to return to the downward corrective path again.


Pivot Price: 1987
Resistance prices: 2000 & 2009 & 2031
Support prices: 1975 & 1963 & 1955


The general trend expected for today: bullish