Gold price begins today’s trading with bullish bias to breach 1770.00 and settles above it, which leads the price to achieve expected intraday gains in the upcoming sessions, targeting testing 1797.00 initially.

Therefore, we expect to witness more rise today, taking into consideration that breaking 1770.00 and holding below it again will reactivate the bearish trend scenario that its first target located at 1734.00.

The expected trading range for today is between 1760.00 support and 1795.00 resistance.

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0734	0.0081	0.7637%
Midday update for the EURUSD 24-05-2022
	GBP/USD	1.2532	-0.0030	0.2396%

	Silver	22.112	0.200	0.915%

	Oil	110.258	0.119	0.108%
Midday update for Crude oil 24-05-2022
	Brent Oil	113.54	0.12	0.11%

	Gold	1867.280	10.845	0.584%
Midday update for Gold 24-05-2022

Live Forex Updates

US manufacturing and services sectors slow down

2022-05-24 16:11:05 GMT

Is dollar heading firmly lower?

2022-05-24 12:12:51 GMT

Gold edges near two-week high as dollar slips

2022-05-24 11:17:54 GMT

Euro extends gains after Lagarde's bullish remarks

2022-05-24 09:28:55 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.