Gold price resumes the rise – Analysis - 25-05-2022

2022-05-25 04:10:06 GMT (Economies.com)
 

Gold price rises calmly, organized inside the bullish channel that appears on the chart, supported by the EMA50 that carries the price from below, waiting to test 1890.00 that represents our next main target.

 

Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 1850.00 and 1838.10 levels.

 

The expected trading range for today is between 1845.00 support and 1885.00 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0164
-0.0055
0.5392%
1.2047
-0.0058
0.4775%
19.773
-0.477
2.358%
88.997
1.736
1.989%
95.14
1.61
1.72%
1767.220
-14.465
0.812%
 
 
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