Midday update for Gold 02-10-2023
Economies.com
2023-10-02 10:30AM UTC
Gold price resumes its negative trading to break 1839.00 and attempts to hold below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards our next target at 1809.35.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 1873.50 and holding above it.
The expected trading range for today is between 1825.00 support and 1860.00 resistance.
The expected trend for today: Bearish
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