Gold price heads towards the support – Analysis - 13-05-2021
Economies.com
2021-05-12 23:19PM UTC
Gold price confirmed breaking 1825.00 level after closing yesterday below it, which pushes the price to achieve more decline and head towards visiting the bullish channel’s support line at 1792.00 before attempting to resume the main bullish trend again.
Breaking 1813.00 will ease the mission of achieving the expected decline, while breaching 1828.00 represents the first positive key to resume the main positive scenario followed by achieving new gains that start at 1860.00 areas.
The expected trading range for today is between 1792.00 support and 1825.00 resistance.
The expected trend for today: Bearish
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