Gold price breaks the support – Analysis - 17-08-2022
Economies.com
2022-08-17 04:20AM UTC
Gold price ended yesterday below 1779.25 level, to fall under expected negative pressure in the upcoming sessions, targeting visiting 1755.25 mainly.
Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, noting that breaching 1779.25 and holding above it again will lead the price to resume the bullish wave that its next target located at 1802.0.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish
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