Midday update for Gold 20-05-2022
Economies.com
2022-05-20 09:22AM UTC
Gold price continues to fluctuate near 1850.00 level, keeping its stability below it until now, and stochastic continues to provide the negative signals on the four hours’ time frame, waiting to resume the bearish wave its next targets located at 1812.50 followed by 1780.25, noting that breaching 1850.00 will lead the price to start recovery on the intraday basis.
The expected trading range for today is between 1815.00 support and 1855.00 resistance.
The expected trend for today: Bearish
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