Gold prices gets a positive motive – Analysis - 21-03-2023
Gold price faced negative pressure yesterday, to approach the key support 1960.0, noticing that the price returns to start new recovery attempts now, motivated by the positive signal provide by stochastic, waiting to assist to push the price to surpass 2000.00 barrier and head towards 2040.00 that represents our next target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 1960.00 will stop the positive scenario and push the price to achieve some bearish correction that its targets start by testing 1928.60 areas.
The expected trading range for today is between 1960.00 support and 2010.00 resistance.
The expected trend for today: Bullish
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