Midday update for Gold 05-03-2021
Economies.com
2021-03-05 11:11AM UTC
Gold price fluctuates within sideways track since morning, settling around 1692.00, waiting to get negative motive that assists to push the price to break this level and confirm extending the bearish wave towards 1655.00 as a next negative station.
In general, we will continue to suggest the bearish trend for today as long as 1712.00 level remains intact, noting that the EMA50 forms continuous negative pressure to support the suggested negative scenario.
The expected trading range for today is between 1670.00 support and 1705.00 resistance.
The expected trend for today: Bearish
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