Gold Analysis 23-02-2022

The gold price fluctuates around the 1900.00 barrier, and is affected by the negativity of the stochastic indicator, which hinders the price mission to continue rising, noting that the index is gradually gathering positive momentum, waiting to motivate the price to resume positive trading to breach the 1916.25 level and then open the way to heading towards our next main target that reaches to 1895.00.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, provided that the price maintains its stability above 1895.00.

The expected trading range for today is between the support 1890.00 and the resistance 1915.00

The forecast trend for today: bullish