Midday update for Gold 14-06-2023

Gold prices finds solid support at 1945.20, to show some slight bullish bias now, affected by stochastic positivity, while the EMA50 continues to form negative pressure against the price, to keep the chances valid to continue the expected bearish trend for the upcoming period, reminding you that our next main target extends to 1913.15.

In general, the bearish trend scenario will remain valid and active on the intraday and short term basis unless the price rallied to breach 1963.00 followed by 1977.25 levels and holding above them.

The expected trading range for today is between 1930.00 support and 1960.00 resistance.

The expected trend for today: Bearish