Gold price gathers the positive momentum – Analysis - 24-05-2022

2022-05-24 04:18:44 GMT (Economies.com)
 

Gold price tests the key support 1850.00 and keeps its stability above it, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resumet he bullish wave that targets 1890.00 as a next main station.

 

Therefore, the bullish trend scenario will remain valid for the upcoming period, organized inside the intraday bullish channel that appears on the chart, reminding you that it is important to hold above 1850.00 and 1838.10 levels to continue the suggested rise.

 

The expected trading range for today is between 1840.00 support and 1875.00 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0161
-0.0058
0.5661%
1.2044
-0.0060
0.4969%
19.770
-0.481
2.375%
88.950
1.689
1.936%
95.14
1.61
1.72%
1766.580
-15.105
0.848%
 
 
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