Midday update for Gold 24-05-2022

Economies.com
2022-05-24 09:21AM UTC

Gold price shows positive trades to move away from 1850.00, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, organized inside the bullish channel that supports the chances of heading towards our next target at 1890.00, noting that the continuation of the bullish wave requires holding above 1850.00 and 1838.10 levels.

 

The expected trading range for today is between 1840.00 support and 1875.00 resistance.

 

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The expected trend for today: Bullish

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