Midday update for Gold 11-01-2024
Economies.com
2024-01-11 18:52PM UTC
Gold price crawls upwards to approach the minor bearish channel’s support line, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the expected bearish wave for today, which its targets begin by surpassing the key support 2016.90 to confirm rallying towards 1977.46, reminding you that the first condition to the continuation of the expected decline is represented by holding below 2044.85.
The expected trading range for today is between 2010.00 support and 2040.00 resistance.
The expected trend for today: Bearish
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