Gold price attempts to recover – Analysis - 22-06-2021
Economies.com
2021-06-22 04:26AM UTC
Gold price trades positively since yesterday, approaching to test the key resistance 1800.00, accompanied by stochastic loss to the positive momentum, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend, which its targets begin by breaking 1770.00 to rally towards 1734.10 as a next main station, noting that breaching 1800.00 will lead the price to achieve additional gains that reach 1825.15 followed by 1860.00.
The expected trading range for today is between 1765.00 support and 1800.00 resistance.
The expected trend for today: Bearish
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