Gold price tests the support base – Analysis - 18-03-2022
Gold price faced solid resistance formed by the EMA50 against the positive trades, to test the support base formed above 1925.35 and still above it until now, waiting to get positive motive that assist to push the price to resume the main bullish trend, which its next target located at 1960.00.
Note that breaking 1925.35 will stop the expected rise and press on the price to resume the correctional bearish track, to head towards testing 1890.00 level as a next station.
The expected trading range for today is between 1915.00 support and 1960.00 resistance.
The expected trend for today: Bullish
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.