Gold price gets a negative motive – Analysis - 23-07-2021
Economies.com
2021-07-23 03:48AM UTC
Gold price faces difficulty to break 1797.00 level, to show some bearish bias and test the EMA50 that forms good resistance against the price, noticing that stochastic provides negative signals now, which supports the chances of resuming the negative trades to break the mentioned level and open the way to visit 1770.00 as a next target.
Therefore, our bearish overview will remain valid and active 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
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