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Gold price attempts to consolidate above the support – Analysis - 21-03-2022

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Gold price attempts to consolidate above the support – Analysis - 21-03-2022
 

Gold price faced negative pressure in the previous sessions and attempted to break 1925.35 level, but it begins today above this level, to keep the chances valid to resume the expected bullish trend on the intraday basis, which its next main target located at 1960.00.

 

Stochastic supports the suggested rise, noting that breaking 1925.35 will press on the price to continue the bearish correction and head towards 1890.00 as a next negative station.

 

The expected trading range for today is between 1910.00 support and 1950.00 resistance.

 

The expected trend for today: Bullish

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