Midday update for Gold 22-04-2022

Gold price resumes its negative trading to approach our waited target at 1925.35, and we suggest the continuation of the negative pressure and break this level to open the way to achieve additional negative targets that reach 1890.00.

Therefore, the bearish bias will remain suggested in the upcoming sessions conditioned by the price stability below 1960.00, supported by stochastic and the EMA50 negativity.

The expected trading range for today is between 1920.00 support and 1970.00 resistance.

The expected trend for today: Bearish