Midday update for Gold 06-10-2021

Economies.com
2021-10-06 09:47AM UTC

Gold price managed to break 1755.00 level and settles below the bearish channel’s resistance again, which supports the continuation of our bearish overview efficiently for the rest of the day, and the way is open to head towards our first main target at 1735.00, reminding you that it is important to hold below 1770.00 to continue the expected decline.

 

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

 

The expected trend for today: Bearish

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