Gold price crawls downwards – Analysis - 24-06-2022
Economies.com
2022-06-24 04:36AM UTC
Gold price continues to decline calmly, approaching gradually from our first negative target at 1810.00, to keep the bearish trend scenario active, waiting for more decline to visit 1780.25 as a next negative station.
In general, we will continue to suggest the bearish trend – supported by the negative pressure formed by the EMA50 – unless the price rallied to breach 1850.00 and hold above it.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
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