Gold price attempts negatively – Analysis - 25-06-2021
Gold price provided negative trades and attempted to approach 1770.00 level, waiting for more decline to break this level and confirm extending the bearish wave towards 1734.10 as a next negative station.
The EMA50 keeps supporting the expected bearish trend, to continue suggesting the bearish bias conditioned by the price stability below 1800.00, as breaching this level will lead the price to start recovery attempts that target testing 1825.15 areas initially.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish
Reprinted from Economies，the copyright all reserved by the original author.
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