Midday update for Gold 16-02-2021
Economies.com
2021-02-16 10:33AM UTC
Gold price fluctuates within sideways track, settling around 1825.00 since morning, falling under negative pressure formed by the EMA50, waiting to resume the expected bearish trend for today, which depends on the price stability below 1830.00 and 1838.10 levels, reminding you that our expected targets begin at 1800.00 and extend to 1765.00.
The expected trading range for today is between 1800.00 support and 1840.00 resistance.
The expected trend for today: Bearish
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