Midday update for Gold 19-08-2022
Economies.com
2022-08-19 10:40AM UTC
Gold price shows slight negative trades and attempt to confirm breaking 1755.70 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, paving the way to continue the decline and head towards 1726.60 as a next negative station, noting that holding below 1755.70 represents initial condition to continue the bearish trend, as breaching it will push the price to test 1779.25 areas before any new attempt to decline.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish
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