Gold price is below the resistance – Analysis - 08-10-2021

2021-10-08 04:14:07 GMT (Economies.com)
 

Gold price fluctuates within sideways track recently, settling below the bearish channel’s resistance that appears on the chart, waiting to resume the bearish wave that targets testing 1735.00 level initially, to keep the bearish trend scenario active for the upcoming period.

 

On the other hand, we should note that breaching 1770.00 will stop the expected decline and lead the price to turn to rise and achieve gains that start by visiting 1800.00$ barrier.

 

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0170
-0.0049
0.4790%
1.2101
-0.0004
0.0322%
20.106
-0.144
0.714%
86.858
-0.403
0.462%
92.34
-2.76
2.90%
1774.220
-7.465
0.419%
 
 
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