Midday update for Gold 08-01-2024
Economies.com
2024-01-08 09:40AM UTC
Gold price shows more bearish bias to approach our waited target at 2016.90, and we suggest the continuation of the negative pressure to break this level and open the way to head towards the next correctional target at 1977.46.
The technical indicators provide negative signals that support the continuation of the expected decline, which will remain valid unless the price rallied to breach 2065.70 and hold above it.
The expected trading range for today is between 2015.00 support and 2055.00 resistance.
The expected trend for today: Bearish
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