Gold price resumes the rise – Analysis - 24-05-2021
Economies.com
2021-05-24 01:35AM UTC
Gold price begins today positively to move away from the intraday bullish channel’s support line, to support the continuation of the expected bullish trend scenario on the intraday and short term basis, which targets 1900.00 as a next station.
The EMA50 continues to support the suggested bullish wave, taking into consideration that breaking 1870.00 will press on the price to turn to decline on the intraday basis to visit 1838.00 areas before any new attempt to rise.
The expected trading range for today is between 1870.00 support and 1900.00 resistance.
The expected trend for today: Bullish
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