Midday update for Gold 11-05-2022
Economies.com
2022-05-11 09:22AM UTC
Gold price tests the key resistance 1850.00 now, which urges caution from the upcoming trading, as breaching this level will stop the expected negative scenario for today and push the price to turn to rise, while the price needs to consolidate below the mentioned resistance to continue the bearish trend that targets 1820.00 followed by 1780.25 levels as next main stations.
The expected trading range for today is between 1810.00 support and 1855.00 resistance.
The expected trend for today: Bearish
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