Midday update for Gold 09-03-2021
Economies.com
2021-03-09 10:45AM UTC
Gold price rallied upwards to breach 1695.00 level and confirms the actiation of the positive effect of the falling wedge mentioned this morning, which leads the price to achieve more expected rise for the rest of the day, on its way to visit 1715.00 followed by 1740.00 levels as next main stations, noting that the continuation of the bullish wave requires holding above 1690.00.
The expected trading range for today is between 1685.00 support and 1715.00 resistance.
The expected trend for today: Bullish for the rest of the day
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