Gold price attempts to breach – Analysis - 17-06-2022

2022-06-17 04:32:37 GMT (Economies.com)
 

Gold price provided clear positive trades yesterday and attacked 1850.00 level, but it begins today with clear decline to settle below the mentioned level, which encourages us to suggest the bearish bias today, supported by stochastic current negativity, waiting to motivate the price to decline towards 1810.00 followed by 1780.25 levels mainly.

 

Breaking 1838.10 will reinforce the expectations to decline, which will remain valid unless breaching 1850.00 and holding above it.

 

The expected trading range for today is between 1820.00 support and 1855.00 resistance.

 

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The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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