Gold price is recovering – Analysis - 24-03-2022
Gold price confirmed breaching 1925.35 level and hold above the EMA50, to head towards achieving more expected rise on the intraday basis, targeting testing 1960.00 as a first station, noting that breaching this level will extend gold price gains to reach 2000.00 barrier.
Stochastic current negativity might press on the price to provide some temporary bearish bias before resuming the suggested rise, noting that breaking 1925.35 will put the price under the correctional bearish pressure again.
The expected trading range for today is between 1925.00 support and 1960.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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