Gold price attempts to recover – Analysis - 29-04-2022
Economies.com
2022-04-29 01:24AM UTC
Gold price ended yesterday above 1890.00 level, to head towards attempting to recover on the intraday basis, expecting to test the intraday bearish channel’s resistance before bouncing bearishly to resume the main bearish trend, supported by stochastic loss to the positive momentum clearly.
Therefore, the overall bearish trend will remain valid unless the price continued to rise to breach 1905.00 and hold above it, reminding you that our next main target reaches 1850.00.
The expected trading range for today is between 1870.00 support and 1910.00 resistance.
The expected trend for today: Bearish
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