Gold price loses momentum – Analysis - 27-06-2022
Economies.com
2022-06-27 04:12AM UTC
Gold price fluctuates around the EMA50 that forms intraday resistance against the price, noticing that stochastic lost its positive momentum to reach the overbought areas, waiting to motivate the price to rebound bearishly and resume the bearish trend, which targets 1810.00 followed by 1780.25 levels as next main stations.
Therefore, our bearish overview will remain valid unless the price rallied to breach 1850.00 and hold above it.
The expected trading range for today is between 1810.00 support and 1850.00 resistance.
The expected trend for today: Bearish
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