Gold price breaks the support – Analysis - 20-04-2022

Gold price ended yesterday below 1960.00 level, to fall under more expected negative pressure in the upcoming sessions, on its way to visit 1925.35 mainly.

Therefore, the bearish bias will be suggested for today, supported by moving below the EMA50, taking into consinderation that breaching 1960.00 and holding above it will reactivate the bullish trend scenario that its next target located at 2000.00.

The expected trading range for today is between 1925.00 support and 1965.00 resistance.

The expected trend for today: Bearish