Gold price approaches the target – Analysis - 24-09-2021
Economies.com
2021-09-24 04:10AM UTC
Gold price declined strongly yesterday to approach our main waited target at 1735.00, attempting to achieve some temporary intraday gains now, but it faces negative pressure coming by the EMA50, to support the continuation of the decline in the upcoming sessions.
Therefore, the overall negative scenario will remain valid and active unless the price rallied to breach 1770.00 and hold above it, noting that breaking 1735.00 will open the way to extend the bearish wave towards 1692.00.
The expected trading range for today is between 1725.00 support and 1770.00 resistance.
The expected trend for today: Bearish
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