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Gold analysis for 22.10

22.10.2021

Market Review

Gold price did not show any strong movement yesterday, to continue fluctuating around 1785.00, therefore, there is no change in the bullish trend scenario that depends on stability above 1770.00, supported by the positive signs provided by the stochastic indicator now, reminding you that our expected targets start at 1797.00 and extend to 1825.15 After breaking through the previous level.

 The expected trading range for today: between the support 1770.00 and the resistance 1800.00

 The forecast trend for today: bullish

Author: GC
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