Midday update for Gold 04-09-2023

Economies.com
2023-09-04 09:53AM UTC

Gold price faces solid resistance at 1945.20, waiting to get strong motive that assist to push the price to breach this level and open the way to achieve new gains that start at 1960.00 followed by 1977.25.

 

On the other hand, we should note that failing to breach 1945.20 and breaking 1938.50 will stop the expected rise and push the price to turn to decline.

 

The expected trading range for today is between 1935.00 support and 1965.00 resistance.

 

The expected trend for today: Bullish

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