Midday update for Gold 17-03-2023

Economies.com
2023-03-17 10:30AM UTC

Gold price managed to breach 1928.60 level and attempts to build support base above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to head towards our next target that reaches 1960.00.

 

Stochastic overlaps positively to add more support to the expected bullish trend, besides the EMA50 that carries the price from below, reminding you that the continuation of the bullish wave requires holding above 1907.00.

 

The expected trading range for today is between 1915.00 support and 1950.00 resistance.

 

The expected trend for today: Bullish

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