Midday update for Gold 01-03-2021
Economies.com
2021-03-01 10:22AM UTC
Gold price shows some slight bearish bias to retest the breached resistance of the intraday bearish channel’s resistance line, and as we mentioned this morning, the price needs to hold above 1740.00 to keep the bullish trend scenario active for today, as breaking it will press on the price to resume the main bearish wave that its next target located at 1700.00, while the next target of the expected bullish wave for today is located at 1765.00.
The expected trading range for today is between 1735.00 support and 1765.00 resistance.
The expected trend for today: Bullish
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