Midday update for Gold 06-11-2023
Economies.com
2023-11-06 10:11AM UTC
Gold price begins to press on 1983.55 level, reinforcing the expectations of continuing the expected bearish trend for today, reminding you that our main waited target is located at 1962.35.
We notice that the price is forming double tom pattern that we expect to push the price to surpass the mentioned target and open the way to achieve additional bearish correction that reaches 1933.30 areas, to continue suggesting the bearish trend for today unless breaching 2000.00 and holding above it.
The expected trading range for today is between 1965.00 support and 2000.00 resistance.
The expected trend for today: Bearish
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