Midday update for Gold 04-05-2022

Economies.com
2022-05-04 09:31AM UTC

Gold price shows some slight bullish bias now, but as long as the price is below 1890.00, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, waiting to break 1850.00 support line to confirm extending the bearish wave towards 1820.00 followed by 1780.00 levels.

 

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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