Gold price ended yesterday below 1925.35 level, to fall under expected negative pressure in the upcoming sessions, supported by the negative pressure formed by the EMA50, waiting to head towards 1890.00 as a next main target.
Stochastic current positivity might push the price to attempt to recover again, noting that breaching 1925.35 will stop the suggested negative scenario and lead the price to regain the bullish trend that targets 1960.00 initially.
The expected trading range for today is between 1900.00 support and 1935.00 resistance.
The expected trend for today: Bearish
Reprinted from Economies，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now