Midday update for Gold 02-03-2021
Economies.com
2021-03-02 10:17AM UTC
Gold price shows positive trades now to approach the intraday bearish channel’s resistance that appears on the chart, and as we mentioned this morning, the price needs to hold below 1740.00 to keep the bearish trend scenario active for today, which gets continuous support by the EMA50, reminding you that our next target extends to 1692.00.
The expected trading range for today is between 1695.00 support and 1730.00 resistance.
The expected trend for today: Bearish
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