Gold price resumes the bearish track – Analysis - 28-09-2022
Economies.com
2022-09-28 04:14AM UTC
Gold price resumed its negative trading after the temporary rise that it witnessed yesterday, to fluctuate around 1625.00 level now, waiting for more decline to head towards our next negative target that declines to 1605.00.
the EMA50 continues to support trading inside the bearish channel that appears on the chart, reinforcing the expectations of continuing the domination of the bearish trend, noting that breaching 1656.00 will stop the expected decline and lead the price to start correctional bullish wave on the intraday basis.
The expected trading range for today is between 1605.00 support and 1640.00 resistance.
The expected trend for today: Bearish
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