Midday update for Gold 19-02-2021
Economies.com
2021-02-19 10:44AM UTC
Gold price shows some bullish bias to test the intraday bearish channel’s resistance that appears on the chart, and as long as the price is below 1785.00, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, noting that our next target is located at 1740.00.
The expected trading range for today is between 1740.00 support and 1785.00 resistance.
The expected trend for today: Bearish
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