Gold price confirms the break – Analysis - 30-06-2021
Economies.com
2021-06-30 04:20AM UTC
Gold price succeeded to break 1770.00 level and hold with a daily close below it, which supports the continuation of our bearish overview on the intraday and short term basis, and the way is open to head towards our next target that reaches 1734.10.
The EMA50 supports the suggested bearish wave, which will remain valid and active unless breaching 1770.00 and holding above it, as breaching it will push the price to visit 1800.00 areas before any new attempt to decline.
The expected trading range for today is between 1740.00 support and 1775.00 resistance.
The expected trend for today: Bearish
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