Gold price faces the moving average – Analysis - 28-07-2021

2021-07-28 04:16:30 GMT (Economies.com)
 

Gold price fluctuates at the EMA50 and attempts to breach it, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to decline again and press on 1797.00 level and attempt to break it to open the way to head towards 1770.00 as a next negative target.

 

Therefore, we will keep our bearish overview unless the price rallied to breach 1825.15 and hold above it.

 

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.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
Live Forex Updates