Midday update for Gold 25-02-2021

Economies.com
2021-02-25 10:51AM UTC

Gold price continues to decline to move away from 1800.00 level, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 1765.00 and extend to 1740.00, while achieving them requires holding below 1800.00 and 1809.00 levels.

 

The expected trading range for today is between 1780.00 support and 1810.00 resistance.

 

The expected trend for today: Bearish

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