Gold price faces intraday negative pressure – Analysis - 19-04-2022

2022-04-19 01:33:41 GMT (Economies.com)
 

Gold price bounced bearishly after approaching our waited target at 2000.00, to head towards potential test to the key support 1960.00, which makes us suggest the bearish bias in the upcoming sessions, noting that the expected decline is temporary, waiting to resume the main bullish trend again.

 

On the other hand, we should note that the continuation of the decline and breaking 1960.00 will extend the bearish wave to reach 1940.00 as a next negative target, while breaching 2000.00 represents the key to rally to continue the main bullish track.

 

The expected trading range for today is between 1955.00 support and 1990.00 resistance.

 

The expected trend for today: Bearish temporarily

 
 
 
  Symbol Last Change Chg.%
1.0169
-0.0049
0.4839%
1.2106
0.0001
0.0120%
20.090
-0.160
0.793%
86.650
-0.611
0.700%
92.34
-2.76
2.90%
1774.875
-6.810
0.382%
 
 
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