Midday update for Gold 22-02-2021
Economies.com
2021-02-22 10:11AM UTC
Gold price breached 1785.00 level clearly and heads to achieve expected intraday gains in the upcoming sessions, on its way to visit 1800.00 and might extend to 1811.00 before attempting to resume the bearish trend again.
Therefore, we might witness temporary positive trades for the rest of the day, noting that the overall bearish trend will remain valid unless breaching 1811.00 and holding above it, while the next main target of the suggested bearis wave is located at 1740.00.
The expected trading range for today is between 1760.00 support and 1810.00 resistance.
The expected trend for today: Bearish
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