Midday update for Gold 03-05-2022
Economies.com
2022-05-03 10:30AM UTC
Gold price managed to reach 1850.00 level this morning, showing some temporary bullishly bias, waiting to get negative motive that assist to push the price to break the mentioned level and confirm the continuation of the bearish bias to head towards our next negative targets at 1820.00 followed by 1780.00.
In general, the bearish trend scenario will remain valid and active unless breaching 1890.00 and holding with a daily close above it.
The expected trading range for today is between 1840.00 support and 1880.00 resistance.
The expected trend for today: Bearish
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