Gold price touches the target – Analysis - 19-02-2021
Economies.com
2021-02-19 05:02AM UTC
Gold price succeeded to touch our first waited target at 1765.00 and presses negatively on it, to support the expectations of continuing the bearish trend, organized inside the bearish channel that appears on the chart, reminding you that the next target reaches 1740.00.
The EMA50 keeps supporting the expected bearish wave, noting that breaching 1785.00 will stop the suggested decline and lead the price to start recovery attempts that target testing 1825.00 areas initially.
The expected trading range for today is between 1740.00 support and 1785.00 resistance.
The expected trend for today: Bearish
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