Gold price achieves clear gains – Analysis - 20-05-2022
Economies.com
2022-05-20 04:27AM UTC
Gold price traded with clear positivity yesterday to test the key resistance 1850.00, keeping its stability below it, accompanied by witnessing clear negative signals through stochastic, waiting to motivate the price to resume the main bearish trend that targets 1812.50 followed by 1780.25 levels as next main stations.
Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 1850.00 and hold with a daily close above it.
The expected trading range for today is between 1815.00 support and 1855.00 resistance.
The expected trend for today: Bearish
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