Midday update for Gold 02-06-2023
Economies.com
2023-06-02 09:14AM UTC
Gold prices hovers around 1977.25 level since morning, and it needs to consolidate above this level to keep the bullish trend scenario active for today, which targets 2016.90 areas mainly.
The EMA50 supports the expected rise, taking into consideration that breaking 1977.25 will put the price under the correctional bearish pressure again, to head towards 1945.20 initially.
The expected trading range for today is between 1970.00 support and 2000.00 resistance.
The expected trend for today: Bullish
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