Midday update for Gold 17-08-2022
Economies.com
2022-08-17 09:58AM UTC
Gold price resumes its negative trading after testing the EMA50, to settle below 1779.25 level, which keeps the bearish trend scenario active for today, supported by the negative overlapping signal provide by stochastic now, waiting to head towards 1755.25 as a next main target, reminding you that it is important to hold below 1779.25 to continue the expected decline.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish
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