Gold price achieves more gains – Analysis - 14-03-2023

Economies.com
2023-03-14 03:53AM UTC

Gold price settles above 1900.00$ barrier, affected by stochastic negativity to show sideways fluctuation now, waiting to get positive motive that assists to push the price to resume the bullish wave that its next targets located at 1928.60 followed by 1960.00.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that pushes the price upwards, noting that breaking 1878.80 will stop the positive scenario and put the price under the correctional bearish pressure again, to head towards visiting 1828.70 areas initially.

 

The expected trading range for today is between 1890.00 support and 1928.00 resistance.

 

The expected trend for today: Bullish

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