Gold price tests the support base – Analysis - 18-04-2022

Gold price traded negatively in the previous sessions to test the key support 1960.00, noticing that the price rebounds bullishly from there, starting today with strong positivity, to resume the expected bullish trend on the intraday basis, supported by stochastic current positivity, and the way is open to achieve our main waited target at 2000.00.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1960.00 and holding below it.

The expected trading range for today is between 1960.00 support and 2000.00 resistance.

The expected trend for today: Bullish