Gold price achieves slight gains – Analysis - 22-04-2022
9 months ago

Gold price returns to rise after the decline that it witnessed in the previous sessions, to approach testing the key resistance 1960.00, noticing that the EMA50 continues to form the negative pressure against the price, waiting to resume the bearish wave that targets 1925.35 as a next station.


In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1960.00 and hold with a daily close above it.


The expected trading range for today is between 1925.00 support and 1970.00 resistance.


The expected trend for today: Bearish

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