Midday update for Gold 17-05-2022
Economies.com
2022-05-17 09:06AM UTC
Gold price fluctuates within tight track since morning, keeping its stability below the bearish channel’s resistance, while stochastic shows clear overbought signals, waiting to resume the bearish wave that targets 1780.25 level as a next main station, reminding you that the continuation of the bearish wave depends on the price stability below 1838.00 and 1850.00 levels.
The expected trading range for today is between 1800.00 support and 1838.00 resistance.
The expected trend for today: Overall bearish
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