Midday update for Gold 16-10-2023
Economies.com
2023-10-16 09:09AM UTC
Gold price faces clear negative pressure to attack 1913.15 level, which urges caution from the upcoming trading, as continuing the decline and confirming breaking this level will stop the morning suggested positive scenario and put the price under the negative pressure in the upcoming sessions, while the price needs to consolidate above 1913.15 to resume the bullish wave that its next main target located at 1945.20.
The expected trading range for today is between 1905.00 support and 1940.00 resistance.
The expected trend for today: Bullish
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