Midday update for Gold 04-11-2022
Economies.com
2022-11-04 09:14AM UTC
Gold price surpassed the EMA50 and attempts to build minor support base above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to visit 1660.00 that represents our next main target, reminding you that breaching it will extend the bullish wave to reach 1686.40, while the price needs to hold above 1630.0 to continue the expected rise.
The expected trading range for today is between 1625.00 support and 1665.00 resistance.
The expected trend for today: Bullish
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