Gold price tests the support base – Analysis - 17-10-2023
Economies.com
2023-10-17 03:54AM UTC
Gold price is testing 1913.15 level, which forms key support against the intraday trades, as the price needs to consolidate above this level to keep the bullish trend scenario active, which targets 1945.20 level as a next station.
The EMA50 supports the expected rise, while breaking 1913.15 will push the price to turn to decline to head towards achieving negative targets that reach 1873.50 areas.
The expected trading range for today is between 1900.00 support and 1935.00 resistance.
The expected trend for today: Bullish
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