Gold price returns to test 1797.00 level, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the negative scenario valid for today, which targets 1770.00 level initially, reminding you that breaching 1797.00 will push the price to continue the rise and head towards 1825.15 as a next positive target.

The expected trading range for today is between 1770.00 support and 1800.00 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0409	-0.0135	1.2812%
The EURUSD loses momentum – Analysis - 16-05-2022
	GBP/USD	1.2225	-0.0124	1.0069%

	Silver	20.889	-1.235	5.582%

	Oil	109.185	2.028	1.893%
Crude oil price hits the target – Analysis - 16-05-2022
	Brent Oil	110.62	-0.88	0.79%

	Gold	1790.190	-78.670	4.210%
Gold price keeps declining – Analysis - 16-05-2022

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