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Gold price faces temporary negative pressure – Analysis - 29-12-2021

2021-12-29 04:47:41 GMT (Economies.com)
Gold price faces temporary negative pressure – Analysis - 29-12-2021
 

Gold price bounced bearishly after testing 1820.00 level yesterday, to move around 1805.00 level, noting that stochastic shows clear positive signals now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 1825.15 level initially, reminding you that it is important to hold above 1797.00 to continue the suggested rise.

 

The expected trading range for today is between 1795.00 support and 1825.00 resistance.

 

The expected trend for today: Bullish

 
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  Symbol Last Change Chg.%
EUR/USD
1.0734
0.0081
0.7637%
Midday update for the EURUSD 24-05-2022
GBP/USD
1.2533
-0.0029
0.2324%
Silver
22.112
0.200
0.915%
Oil
110.258
0.119
0.108%
Midday update for Crude oil 24-05-2022
Brent Oil
113.80
0.12
0.11%
Gold
1867.280
10.845
0.584%
Midday update for Gold 24-05-2022
 
 
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