Gold price gets a negative close – Analysis - 28-04-2022
Economies.com
2022-04-28 01:26AM UTC
Gold price ended yesterday below 1890.00, to add more confirmation to the continuation of the bearish wave, which targets 1850.00 as a next main station, organized inside the bearish channel that appears on the chart.
Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that holding below 1890.00 represents initial condition to continue the suggested decline.
The expected trading range for today is between 1860.00 support and 1900.00 resistance.
The expected trend for today: Bearish
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