Gold price keeps declining – Analysis - 20-09-2021
Economies.com
2021-09-20 08:08AM UTC
Gold price shows new negative trades by today’s open, to support the expectations of continuing the decline on the intraday basis, as the negative effect of the head and shoulders’ pattern still active, waiting to test 1735.00 initially, noting that breaking this level will extend the bearish wave to reach 1680.00 as a next main station.
The EMA50 supports the expected decline, which will remain valid conditioned by the price stability below 1770.00.
The expected trading range for today is between 1730.00 support and 1765.00 resistance.
The expected trend for today: Bearish
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