Gold price awaits the break – Analysis - 22-07-2021

2021-07-22 04:13:46 GMT (Economies.com)
 

Gold price tests 1797.00 level, and it needs to break this level to confirm opening the way to head towards our next negative target that reaches 1770.00, as the price completed forming double top pattern that its signs appear on the chart.

 

Therefore, our bearish overivew will remain valid and active for the upcoming period conditioned by the price stability below 1825.15, noting that moving below the EMA50 supports the expected decline.

 

The expected trading range for today is between 1775.00 support and 1815.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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