Midday update for Gold 16-03-2023

Economies.com
2023-03-16 10:12AM UTC

Gold price resumes its positive trading to approach 1928.60 level, waiting to breach this level to confirm extending the bullish wave towards our next target that reaches 1960.00.

 

Holding above 1905.00 is important to continue the expected rise, as breaking it will press on the price to face intraday negative pressure that targets visiting 1878.80 before any new positive attempt.

 

The expected trading range for today is between 1895.00 support and 1935.00 resistance.

 

The expected trend for today: Bullish

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