Gold price faces temporary negative pressure – Analysis - 25-05-2021
Economies.com
2021-05-25 04:17AM UTC
Gold price opened today’s trading with clear negativity to approach the key support 1870.00, but it returns to rise now, which keeps the bullish trend scenario valid and active for the upcoming period, supported by the EMA50, waiting to test 1890.00 followed by 1900.00 levels as initial targets.
Stochastic attempts to gain the positive momentum to support the expectations to rise, noting that breaking 1870.00 will press on the price to decline towards 1838.00 areas before any new attempt to rise.
The expected trading range for today is between 1870.00 support and 1900.00 resistance.
The expected trend for today: Bullish
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