Gold price faces temporary negative pressure – Analysis - 23-04-2021

2021-04-23 01:13:06 GMT (Economies.com)
 

Gold price’s decline stopped at 1777.00 level, to start providing positive trades that hint heading to resume the main bullish trend, organized inside the bullish channel that appears on the chart, waiting to test 1800.00 as a first target, reminding you that breaching this level will push the price to 1838.00 as a next station.

 

Therefore, we will keep our bullish overview unless breaking 1765.00 and holding below it.

 

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2091
-0.0082
0.6724%
1.4039
-0.0097
0.6887%
Tadawul
10322.68
86.96
0.85%
26.916
-0.888
3.194%
64.271
-1.121
1.714%
67.87
-1.44
2.08%
1817.815
-26.410
1.432%
 
 
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