Midday update for Gold 07-06-2023
Economies.com
2023-06-07 09:12AM UTC
Gold prices shows negative trades to test the main bullish channel’s support line, waiting for more decline to surpass this support and visit 1945.20 as a first main station, reminding you that breaking this level will extend the bearish wave to reach 1913.15 level.
Stochastic negativity supports the suggested bearish wave, which will remain valid unless breaching 1977.25 and holding above it.
The expected trading range for today is between 1940.00 support and 1977.00 resistance.
The expected trend for today: Bearish
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