Gold price is affected by the positive momentum – Analysis - 27-04-2022
Economies.com
2022-04-27 01:26AM UTC
Gold price shows sideways trades since yesterday after reaching our waited target at 1890.00, and we believe that the recent trades are confined within bearish flag pattern that supports chances of continuing the bearish trend in the upcoming sessions, which its targets begin by breaking the mentioned level to rally towards 1850.00 as a next negative station.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless the price rallied to breach 1925.35 and hold above it.
The expected trading range for today is between 1875.00 support and 1920.00 resistance.
The expected trend for today: Bearish
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