Gold price keeps achieving the negative targets – Analysis - 26-04-2022

Gold price declined clearly yesterday to succeed reaching our waited target at 1890.00, showing some slight bullish bias affected by stochastic positivity, and it might test the key resistance 1925.35 before turning back to decline again, noting that breaking 1890.00 will extend the bearish wave to reach 1850.00 on the near term basis.

Therefore, we expect the continuation of the main bearish bias domination unless the price rallied to breach 1925.35 and hold above it.

The expected trading range for today is between 1875.00 support and 1915.00 resistance.

The expected trend for today: Bearish