Midday update for Gold 18-03-2021
Economies.com
2021-03-18 10:07AM UTC
Gold price faces strong negative pressure now to break 1739.50 and heads to suffer more potential losses in the upcoming sessions, which makes us stay aside now until we get clear signal for the next trend, noting that continuing the decline and breaking 1722.00 will push the price to continue the bearish trend and achieve negative targets that extend to 1692.00, while breaching 1742.00 and holding above it will reactivate the bullish trend scenario that its next target located at 1765.00.
The expected trading range for today is between 1720.00 support and 1755.00 resistance.
The expected trend for today: Neutral
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