Gold price breaches the resistance – Analysis - 22-03-2021
Economies.com
2021-03-22 05:00AM UTC
Gold price confirmed breaching 1739.50 level after closing the daily candlestick above it, and despite today’s negative open, the price begins to rebound bullishly after leaning on the intraday bullish channel’s support line, which support the continuation of the positive trading in the upcoming period.
Therefore, the bullish trend will be expected for today, and the first target is located at 1765.00, noting that breaking 1734.00 will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 1725.00 support and 1765.00 resistance.
The expected trend for today: Bullish
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