Gold price achieves more bearish correction – Analysis - 06-02-2023
Economies.com
2023-02-06 04:50AM UTC
Gold price broke 1878.80 level clearly and closed the daily candlestick below it, to pave the way to achieve more bearish correction, noting that the next negative station reaches 1828.70.
Therefore, the bearish bias will remain dominant in the upcoming sessions, noting that breaching 1878.80 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1850.00 support and 1890.00 resistance.
The expected trend for today: Bearish
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