Midday update for Gold 21-06-2021
Economies.com
2021-06-21 09:00AM UTC
Gold price attempts to recover and achieve some intraday gains now, as the price is affected by stochastic positivity, on its way for potential test to the key resistance 1800.00, and as long as the price is below this level, our bearish overview will remain valid for today, supported by the negative pressure formed by the EMA50, noting that breaking 1770.00 is required to confirm extending the bearish wave towards 1734.10 that represents the next negative target.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish
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