Midday update for Gold 23-07-2021
Economies.com
2021-07-23 09:24AM UTC
Gold price shows positive attempts but the EMA50 continues to press negatively on the price, while stochastic overlaps negatively, waiting to motivate the price to resume the expected bearish trend for today, which its targets begin by breaking 1797.00 to confirm rallying towards 1770.00.
In general, we will continue to suggest the bearish trend for the upcoming period unless breaching 1825.15 and holding above it.
The expected trading range for today is between 1775.00 support and 1820.00 resistance.
The expected trend for today: Bearish
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