Gold price keeps its positive stability – Analysis - 12-05-2021

2021-05-12 00:03:22 GMT (Economies.com)
 

Gold price faced temporary negative pressure yesterday to attack 1825.00 level, but it bounced bullishly to settle around 1838.00 level again, to keep the bullish trend scenario valid and active on the intraday and short term basis, which targets 1855.00 followed by 1865.00 levels as next stations.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1825.00.

 

The expected trading range for today is between 1820.00 support and 1855.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1931
0.0029
0.2445%
1.3919
0.0025
0.1781%
Tadawul
10919.68
6.62
0.06%
25.941
-0.048
0.185%
73.492
1.666
2.320%
75.56
0.32
0.43%
1774.930
-3.460
0.195%
 
 
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