Gold price approaches the target – Analysis - 10-05-2022
Economies.com
2022-05-10 04:18AM UTC
Gold price provided additional negative trades yesterday to approach our waited target at 1850.00, moving within the bearish channel that appears on the chart, which supports the chances of continuing the bearish bias to break the mentioned level and open the way to achieve more negative targets that reach 1820.00 followed by 1780.25.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1890.00 and hold above it.
The expected trading range for today is between 1830.00 support and 1875.00 resistance.
The expected trend for today: Bearish
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