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Gold price begins positively – Analysis - 25-10-2021
Gold price opens today’s trading with bullish bias and attempts to surpass 1797.00 level, reinforcing the expectations of continuing the bullish trend on the intraday basis, waiting to head towards 1825.15 that represents our next main target.
The EMA50 continues to carry the price from below, while stochastic gains the positive momentum clearly, thus, we believe that the chances valid to achieve more gains in the upcoming sessions, noting that breaking 1790.00 might press on the price to visit 1770.00 areas before any new attempt to rise.
The expected trading range for today is between 1785.00 support and 1820.00 resistance.
The expected trend for today: Bullish
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Gold price begins positively – Analysis - 25-10-2021
Gold price opens today’s trading with bullish bias and attempts to surpass 1797.00 level, reinforcing the expectations of continuing the bullish trend on the intraday basis, waiting to head towards 1825.15 that represents our next main target.
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The USDCAD pair opens today’s trading with bearish bias after testing the EMA50 in the previous sessions, which formed good resistance against the price, to keep the bearish trend scenario valid and active for the upcoming period, waiting to visit 1.2230 mainly.
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