Gold price under the negative pressure – Analysis - 22-06-2022
Economies.com
2022-06-22 04:20AM UTC
Gold price trades negatively to break 1830.00 level and settles below it now, which puts the price under expected negative pressure in the upcoming sessions, on its way to visit 1810.00 followed by 1780.25 levels as main negative targets.
Therefore, the bearish bias will be suggested for today supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1838.10 followed by 1850.00 levels will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
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