Gold price touches the target – Analysis - 05-03-2021
Economies.com
2021-03-05 05:17AM UTC
Gold price succeeded to achieve our waited target at 1692.00 and attempts to break it, which reinforce the chances of extending the bearish wave on the short term and medium term basis, organized inside the bearish channel that appears on the chart, noting that breaking the mentioned level will push the price to 1655.00 as a next main target.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1712.00 and holding above it.
The expected trading range for today is between 1670.00 support and 1705.00 resistance.
The expected trend for today: Bearish
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