Gold price approaches the first positive target – Analysis - 22-04-2021
Economies.com
2021-04-22 00:42AM UTC
Gold price approached our first waited positive target at 1800.00 after the bullish rally that it witnessed yesterday, and we believe that the chances valid to continue the bullish trend, noting that breaching this level will extend the bullish wave to reach 1838.00 as a next station.
Therefore, we expect witnessing more rise in the upcoming sessions, supported by the EMA50 that carries the price from below, taking into consideration that holding above 1765.00 is important to continue the bullish trend.
The expected trading range for today is between 1780.00 support and 1815.00 resistance.
The expected trend for today: Bullish
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