Gold price keeps its positive stability – Analysis - 21-05-2021
Economies.com
2021-05-21 04:14AM UTC
Gold price continues to fluctuate inside the intraday bullish channel that appears on the chart, and the EMA50 continues to support the price, thus, the bullish trend scenario will remain valid and active for the upcoming period, which targets testing 1900.00 as a next station.
Note that holding above 1858.00 is important to continue the expected rise, as breaking it will press on the price to achieve temporary bearish correction and head towards visiting 1838.00 areas initially before any new attempt to rise.
The expected trading range for today is between 1855.00 support and 1900.00 resistance.
The expected trend for today: Bullish
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