Gold price faces solid support – Analysis - 26-07-2021

2021-07-26 03:50:56 GMT (Economies.com)
 

Gold price finds difficulty to break 1797.00 level, to test the EMA50 again, which forms continuous negative pressure on the price, waiting to resume the negative trades to break the mentioned level and open the way to head towards 1770.00.

 

Therefore, the bearish trend scenario will remain valid and active, noting that breaching 1825.15 will stop the expected decline and lead the price to turn to rise.

 

The expected trading range for today is between 1775.00 support and 1820.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1623
0.0012
0.1051%
1.3757
0.0018
0.1328%
Tadawul
11878.29
32.36
0.27%
24.404
1.091
4.680%
84.541
1.195
1.434%
86.00
0.42
0.49%
1799.860
30.120
1.702%
 
 
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