Gold price hits the first negative target – Analysis - 13-05-2022
Economies.com
2022-05-13 04:29AM UTC
Gold price managed to achieve our first waited target at 1820.00 and attempted to break it, but it shows some bullish bias now affected by stochastic positivity, waiting to get negative motive that assist to push the price to resume the bearish wave that targets 1780.25 as a next station.
The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 1850.00 and hold above it.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
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