Now, according to the price position in the 4-hour chart, as well as the upward trend of the currency pair in the past few days, buying in the range of 0.99655 is a low-risk option . The path is ready for the continuation of the upward movement towards the resistance area of 1.01479.
According to analysis, gold rose more than $37 on Tuesday and closed the day in the 1712 range . Now, due to the dominance of buyers in this range, any decrease in price towards lower levels is a buying opportunity and the path for price increase towards 1732 range is available. The possible reaction of sellers in the range of 1732 is important .