Midday update for Gold 12-03-2021
Economies.com
2021-03-12 11:23AM UTC
Gold price trades with strong negativity since morning to test 1700.00 barrier now, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its first first target located at 1692.00, reminding you that breaking this level will extend the bearish wave to reach 1660.00, while the expecte decline will remain valid conditioned by the price stability below 1735.00.
The expected trading range for today is between 1690.00 support and 1720.00 resistance.
The expected trend for today: Bearish
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