Midday update for Gold 01-11-2022
Economies.com
2022-11-01 09:23AM UTC
Gold price continues to rise to test the EMA50 that forms good resistance against the price, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for today, which targets 1615.00 level as a next main station, reminding you that the continuation of the bearish wave depends on the price stability below 1660.00.
The expected trading range for today is between 1615.00 support and 1655.00 resistance.
The expected trend for today: Bearish
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