Midday update for Gold 18-09-2023

4 days ago

Gold price continues to fluctuate around 1929.00 level, waiting to get positive momentum that assist to push the price to breach this level to confirm the continuation of the bullish wave and achieve our main waited target at 1945.20, supported by the EMA50 that carries the price from below.


Holding above 1923.00 represents initial condition to continue the expected rise, as breaking it will put the price under negative pressure to test 1913.15 before any new positive attempt.



The expected trading range for today is between 1920.00 support and 1945.20 resistance.


The expected trend for today: Bullish

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