Gold price returns to decline – Analysis - 23-09-2021
Economies.com
2021-09-23 03:32AM UTC
Gold price bounced downwards strongly after consolidating below the broken neckline of the head and shoulders’ pattern that appears on the chart, to keep the negative effect of this pattern active, as the price broke 1770.00 level and settled below it, to reactivate the bearish trend scenario that targets 1735.00 as a next main station.
Therefor, the bearish bias will remain suggested for the upcoming sessions conditioned by the price stability below 1770.00 and the most important below 1780.00.
The expected trading range for today is between 1740.00 support and 1780.00 resistance.
The expected trend for today: Bearish
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