Gold price attempts to recover – Analysis - 19-10-2021

2021-10-19 04:10:52 GMT (Economies.com)
 

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

 
 
 
  Symbol Last Change Chg.%
0.9668
-0.0309
3.1016%
1.0722
-0.0644
5.6679%
18.654
-0.605
3.139%
77.861
-4.629
5.612%
85.45
-0.46
0.54%
1643.875
-20.075
1.206%
 
 
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