Gold price returns to test the support – Analysis - 31-05-2022
Economies.com
2022-05-31 04:06AM UTC
Gold price returns to test the first key support at 1850.00, keeping its stability above it until now, as the EMA50 meets this support to add more strength to it, to support the expectations of continuing the bullish trend, waiting to visit 1890.00 as a next main target.
Stochastic gathers the positive momentum again to reinforce the positive expectations, which will remain valid unless breaking 1850.00 followed by 1838.10 levels and holding below them.
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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