Gold price breaks the support – Analysis - 23-03-2022
Gold price ended yesterday below 1925.35 level, to fall under expected negative pressure in the upcoming sessions, supported by the negative pressure formed by the EMA50, waiting to head towards 1890.00 as a next main target.
Stochastic current positivity might push the price to attempt to recover again, noting that breaching 1925.35 will stop the suggested negative scenario and lead the price to regain the bullish trend that targets 1960.00 initially.
The expected trading range for today is between 1900.00 support and 1935.00 resistance.
The expected trend for today: Bearish
Reprinted from Economies，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.