Gold price surpasses the resistance – Analysis - 23-05-2022
Economies.com
2022-05-23 04:04AM UTC
Gold price opens today with clear positivity to breach 1850.00 level and settles above it, to turn to rise on the intraday basis, on its way to achieve gains that start by visiting 1890.00 areas.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1850.00 followed by 1838.10 levels will stop the expected rise and press on the price to resume the main bearish trend again.
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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