Midday update for Gold 13-09-2023

Gold price keeps its stability below 1913.15, waiting to get negative motive that assist to push the price to resume the expected bearish trend for today, affected by the previously completed head and shoulders’ pattern, reminding you that our targets begin at 1890.00 and extend to 1873.50.

The EMA50 supports the suggested bearish wave, which will remain valid unless breaching 1913.15 followed by 1916.80 levels and holding above them.

The expected trading range for today is between 1875.00 support and 1920.00 resistance.

The expected trend for today: Bearish