Gold price tests the resistance – Analysis - 05-10-2021
Economies.com
2021-10-05 04:12AM UTC
Gold price found solid resistance at 1770.00 level, and couldn’t breach it, to start declining by today’s open, which keeps our bearish overview valid for the upcoming period, and the price needs to break 1755.00 to ease the mission of heading towards our main expected target at 1735.00.
Stochastic negativity supports the suggested decline, taking into consideration that breaching 1770.00 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1740.00 support and 1775.00 resistance.
The expected trend for today: Bearish
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