Gold price keeps declining – Analysis - 01-07-2022
Economies.com
2022-07-01 03:51AM UTC
Gold price managed to surpass 1810.00 level, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to achieve our next target at 1780.25.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1810.00 will push the price to achieve intraday gains and test 1850.00 areas before any new attempt to decline.
The expected trading range for today is between 1780.00 support and 1820.00 resistance.
The expected trend for today: Bearish
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