Midday update for Gold 08-09-2021
Economies.com
2021-09-08 09:14AM UTC
Gold price fluctuates around 1797.00 level since morning, and we still suggest the continuation of the bearish bias to break this level and head towards 1770.00 as a next negative target, waiting to get negative motive that assists to push the price to achieve the required break.
Therefore, we will continue to suggest the bearish trend for today, noting that breaching 1810.00 will stop the expected decline and lead the price to achieve intraday gains.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
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