Midday update for Gold 14-09-2023

1 week ago

Gold price resumes its negative trading to move away from 1913.15 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, and the way is open to achieve our first waited target at 1890.00, noting that we expect extending the bearish wave towards 1873.50 areas.


Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless the price rallied to breach 1913.15 followed by 1917.00 levels and hold above them.



The expected trading range for today is between 1890.00 support and 1920.00 resistance.


The expected trend for today: Bearish

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