Gold price hits the target – Analysis - 22-09-2023
2023-09-22 04:16AM UTC

Gold price declined strongly yesterday to succeed reaching few pips away from our waited target at 1913.15, noticing that the price rebounds upwards clearly from there, to head towards building bullish wave that we expect to target testing 1929.00 initially, noting that breaching this level will push the price to 1945.20 as a next main target.


Therefore, the bullish bias will be expected for today, supported by stochastic current positivity, taking into consideration that breaking 1913.15 will stop the suggested rise and push the price to suffer more losses on the intraday basis.



The expected trading range for today is between 1910.00 support and 1940.00 resistance.


The expected trend for today: Bullish

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