Gold price awaits more decline – Analysis - 18-10-2021

2021-10-18 04:22:03 GMT (Economies.com)
 

Gold price settles around 1770.00 level, keeping its stability below it, to keep the chances valid to continue the bearish trend in the upcoming sessions, waiting to head towards 1734.00 that represents our next main station.

 

Therefore, we will continue to suggest the bearish trend on the intraday basis, noting that breaching 1770.00 and holding above it might push the price to test 1797.00 before any new attempt to decline.

 

The expected trading range for today is between 1745.00 support and 1780.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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