Midday update for Gold 18-02-2021
Economies.com
2021-02-18 10:41AM UTC
Gold price attempts to breach 1785.00 level, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend valid for today, as breaching it will push the price to achieve additional gains that reach 1827.00 before any new attempt to decline, while the expected targets of the suggested bearish wave are located at 1765.00 and 1740.00.
The expected trading range for today is between 1760.00 support and 1800.00 resistance.
The expected trend for today: Bearish
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