Midday update for Gold 17-05-2022

8 months ago

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.


Open Live Trading Account

The expected trend for today: Overall bearish

Commodities News

Commodities Technical Analysis