Midday update for Gold 08-06-2023
Economies.com
2023-06-08 09:43AM UTC
Gold prices provides positive trades to move above 1945.20, affected by stochastic positivity, which urges caution from the upcoming trading, as holding above this level will stop the correctional bearish scenario and push the price to test 1966.45 followed by 1977.25 initially.
The EMA50 forms negative pressure to keep the chances valid to continue the expected bearish trend for today, reminding you that our next target reaches 1913.15.
The expected trading range for today is between 1925.00 support and 1960.00 resistance.
The expected trend for today: Bearish
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