Midday update for Gold 22-05-2023
Economies.com
2023-05-22 09:29AM UTC
Gold prices trades positively to move above 1977.25 level, which urges caution from the upcoming trading, as holding above this level will push the price to turn to rise for the rest of the day and head towards 2019.95 mainly.
Stochastic and the EMA50 continue to provide the negative signals that support the chances of resuming the correctional bearish trend, reminding you that the waited negative target reaches 1945.20.
The expected trading range for today is between 1955.00 support and 1990.00 resistance.
The expected trend for today: Bearish
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