Gold price breaks the support – Analysis - 25-02-2021
Economies.com
2021-02-25 05:13AM UTC
Gold price ended yesterday positively after the strong decline that it witnessed recently, starting today with new decline to settle below 1800.00 level, which supports the chances of continuing the bearish bias in the upcoming sessions, on its way to visit 1765.00 followed by 1740.00 levels as main negative targets.
Moving below the EMA50 supports the expectations to decline, noting that the continuation of the bearish wave depends on the price stability below 1800.00 – 1809.00 levels.
The expected trading range for today is between 1780.00 support and 1810.00 resistance.
The expected trend for today: Bearish
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