Midday update for Gold 05-10-2021

Economies.com
2021-10-05 09:39AM UTC

Gold price attempts to break 1755.00 level, motivated by stochastic negativity, waiting for more decline to visit 1735.00 that represents our next main target, to keep the negative scenario valid and active for the rest of the day conditioned by the price stability below 1770.00.

 

The expected trading range for today is between 1740.00 support and 1775.00 resistance.

 

The expected trend for today: Bearish

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