Gold price is stable below the resistance – Analysis - 19-05-2022
Economies.com
2022-05-19 04:08AM UTC
Gold price keeps its stability inside the bearish channel that appears on the chart, falling under continuous negative pressure coming by the EMA50, while stochastic loses its positive momentum gradually.
Therefore, we believe that the chances valid to continue the main bearish trend, which its next target located at 1780.25, reminding you that it is important to hold below 1850.00 to achieve the waited targets.
The expected trading range for today is between 1790.00 support and 1830.00 resistance.
The expected trend for today: Bearish
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