Midday update for Gold 25-04-2022
Economies.com
2022-04-25 09:11AM UTC
Gold price managed to break 1925.35 level and close the last four hours’ candlestick below it, which supports the continuation of our bearish overview efficiently for the rest of the day, opening the way to head towards 1890.00 as a next negative station, organized inside the bearish channel that appears on the chart, noting that holding below 1925.35 represents initial condition to continue the suggested decline.
The expected trading range for today is between 1905.00 support and 1930.00 resistance.
The expected trend for today: Bearish
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