Midday update for Gold 16-07-2021
Economies.com
2021-07-16 09:08AM UTC
Gold price trades negatively to press on 1825.15 and attempts to break it, which urges caution from the upcoming trading, as confirming the break will stop the positive scenario and press on the price to turn to decline on the intraday basis to visit 1809.00 followed by 1797.00 before any new positive attempt.
Stochastic gains the positive momentum gradually to support the chances of continuing the expected bullish trend for the upcoming period, waiting to step above 1825.15 to confirm heading towards 1860.00 as a next positive target.
The expected trading range for today is between 1810.00 support and 1855.00 resistance.
The expected trend for today: Bullish
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