Midday update for Gold 15-03-2023
Economies.com
2 weeks ago
Gold price faced temporary strong negative pressure to settle inside the bullish pennant’s pattern again, accompanied by witnessing new positive signals by stochastic, waiting to motivate the price to resume the expected bullish trend for today, which its next target located at 1928.60.
Therefore, we will keep our bullish overview conditioned by the price stability above 1878.80, as continuing the decline and breaking this level will open the way to suffer additional losses that reach 1828.70 areas.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Bullish
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