Gold price confirms the break – Analysis - 29-06-2023
Economies.com
2023-06-29 04:01AM UTC
Gold prices ended yesterday below 1913.15 level to confirm breaking this level and open the way to continue the decline on the intraday and short term basis, organized inside the bearish channel that appears on the chart, waiting to visit 1873.50 that represents the next negative station.
The EMA50 continues to support the suggested bearish wave, noting that breaching 1913.15 will lead the price to recover and test 1929.00 level before turning back to decline again.
The expected trading range for today is between 1895.00 support and 1915.00 resistance.
The expected trend for today: Bearish
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