Gold price confirms the breach – Analysis - 26-10-2021

2021-10-26 04:17:20 GMT (Economies.com)
 

Gold price confirmed breaching 1797.00 after closing the daily candlestick above it, settling around 1800.00 level, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, which gets good support by the EMA50, and we believe that the way iso pen to achieve our main positive target at 1825.15.

 

Holding above 1797.00 – 1790.00 levels is important to continue the positive trades, as breaking them will press on the price to turn to decline on the intraday basis to test 1770.00 before any new positive attempt.

 

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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