Midday update for Gold 11-06-2021
Economies.com
2021-06-11 09:26AM UTC
Gold price shows negative trades now to move below the breached minor resistance, and it might head for potential test to the major support 1876.00 before turning back to rise again, affected by stochastic negativity.
In general, we will continue to suggest the bullish trend as long as the bullish channel’s support at 1876.00 remains intact, noting that we are waiting to visit 1928.60 as a next main target.
The expected trading range for today is between 1885.00 support and 1920.00 resistance.
The expected trend for today: Bullish
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