Gold price within bearish pattern – Analysis - 28-09-2021
Economies.com
2021-09-28 04:26AM UTC
Gold price’s recent trades are confined within bearish flag pattern, thus, breaking 1747.00 will activate the negative effect of this pattern and push the price to resume the bearish trend, which its targets begin at 1735.00 and extend to 1692.00 after surpassing the previous level.
Therefore, the chances valid to provide new negative trads today supported by the negative pressure coming by the EMA50, reminding you that it is important to hold below 1770.00 to continue the expected decline.
The expected trading range for today is between 1730.00 support and 1765.00 resistance.
The expected trend for today: Bearish
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