Gold price trading
Analysis of performance and expectations for upcoming trades
Expected scenario
Continuing the downward corrective trend towards a target at 2260
Continuing negative impact from the 50 moving average
It is necessary to breach the 2325 level to begin recovery attempts and the expected rise
The price of gold did not show a strong movement yesterday, which confirms the continuation of the downward corrective trend towards a target at $2260.60, and the moving average of 50 remains a continuous negative pressure against the price.
We must monitor the breach of the 2325 level to begin recovery attempts and restore the upward path, keeping in mind that achieving this may push the price to achieve gains that start at 2360 and extend to 2430
Expected trading range
Support: 2290
Resistance: 2330
Analysis of performance and expectations for upcoming trades
Expected scenario
Continuing the downward corrective trend towards a target at 2260
Continuing negative impact from the 50 moving average
It is necessary to breach the 2325 level to begin recovery attempts and the expected rise
The price of gold did not show a strong movement yesterday, which confirms the continuation of the downward corrective trend towards a target at $2260.60, and the moving average of 50 remains a continuous negative pressure against the price.
We must monitor the breach of the 2325 level to begin recovery attempts and restore the upward path, keeping in mind that achieving this may push the price to achieve gains that start at 2360 and extend to 2430
Expected trading range
Support: 2290
Resistance: 2330
