Gold price tests the resistance – Analysis - 21-04-2022

2022-04-21 01:32:47 GMT (Economies.com)
 

Gold price provided positive trades to test the key resistance 1960.00, keeping its stability below it until now, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the negative trades to head towards 1925.35 that represents our main target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1960.00 and hold with a daily close above it.

 

The expected trading range for today is between 1925.00 support and 1970.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9676
0.0020
0.2118%
1.0784
-0.0036
0.3350%
18.732
-0.126
0.671%
81.796
2.502
3.155%
89.32
3.00
3.48%
1653.795
8.435
0.513%
 
 
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