Gold price achieves some slight gains – Analysis - 24-06-2021
Gold price rose yesterday to approach 1800.00 level, and bounced bearishly to settle around 1775.00, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to break 1770.00 to confirm the continuation of the bearish trend that targets 1734.10 as a next main station.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1800.00 and hold above it.
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.
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.