Midday update for Gold 04-10-2023
Economies.com
2023-10-04 10:21AM UTC
Gold price shows additional negative trades to attempt to approach our waited target at 1809.35, and we expect the continuation of the bearish bias to surpass this level and achieve additional negative targets that reach 1765.20 areas, supported by the negative signals provided by the technical indicators.
Therefore, we will continue to suggest the bearish trend for today unless the price rallied to breach 1835.35 and hold above it.
The expected trading range for today is between 1795.00 support and 1835.00 resistance.
The expected trend for today: Bearish
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