Gold price shows weak trades – Analysis - 21-06-2022

Gold price fluctuates within tight range since yesterday, hovering around the EMA50, and as long as the price is above 1830.00, the bullish trend scenario will remain active for the upcoming period, supported by stochastic positivity, depending on the formation of the higher lows that was formed recently, waiting to breach 1850.00 to confirm rallying towards our positive targets that start at 1890.00 and extend to 1925.35.

The expected trading range for today is between 1825.00 support and 1870.00 resistance.

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The expected trend for today: Bullish