Midday update for Gold 12-09-2023

Economies.com
2023-09-12 09:35AM UTC

Gold price fluctuates around the intraday bullish trend line at 1919.80, which represents the first protection factor to the continuation of the expected bullish trend for today, which its targets begin by surpassing 1929.00 to confirm rallying towards 1945.20 as a next main station.

 

In general, we will continue to suggest the bullish trend for the upcoming period supported by stochastic positivity unless breaking 1919.80 followed by 1913.15 levels and holding below them.

 

The expected trading range for today is between 1913.00 support and 1940.00 resistance.

 

The expected trend for today: Bullish

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