Gold price surpasses the resistance – Analysis - 17-03-2022
Gold price approached our waited negative target at 1890.10 yesterday, but it bounced upwards clearly and begins today with additional rise to breach 1925.35 and settles above it, which leads the price to attempt to regain the main bullish trend again, on its way to test 1960.00 initially, noting that breaching this level will confirm opening the way to achieve more gains in the upcoming period.
Therefore, we expect the continuation of the bullish bias for today unless breaking 1925.35 and holding below it.
The expected trading range for today is between 1920.00 support and 1970.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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