Gold price draws negative pattern – Analysis - 21-07-2021

2021-07-21 04:39:35 GMT (Economies.com)
 

Gold price settles below the EMA50, noticing that the price forms double top pattern that its signs appear on the chart, its confirmation level located at 1797.00, which means that breaking this level will motivate the price to decline towards 1770.00 direct.

 

Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 1825.15 and hold above it.

 

The expected trading range for today is between 1785.00 support and 1825.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  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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