Gold price faces solid resistance – Analysis - 23-03-2021
Economies.com
2021-03-23 05:42AM UTC
Gold price finds difficulty to breach 1740.00 barrier, to continue testing the support base formed above the breached resistance of the bearish channel that appears on the chart, getting continuous positive support by the EMA50, to keep the bullish trend scenario active for the upcoming period, which targets 1765.00 as a next main station.
On the other hand, we should note that breaking 1731.00 will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 1725.00 support and 1765.00 resistance.
The expected trend for today: Bullish
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