Gold price returns to test the support – Analysis - 06-06-2022
Economies.com
2022-06-06 04:25AM UTC
Gold price faced negative pressure in the previous sessions to test the key support 1850.00, noticing that the price begins today with slight bullish bias, motivated by the positive signal provided by stochastic now, waiting for more rise in the upcoming sessions, as our next target is located at 1890.00.
The EMA50 protects the suggested positive scenario, which will remain valid conditioned by the price stability above 1850.00 and 1838.10 levels.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish
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