Midday update for Gold 19-09-2023

Economies.com
2023-09-19 11:29AM UTC

Gold price resumes its positive trading to move away from the breached neckline of the inverted head and shoulders’ pattern, reinforcing the expectations of continuing the bullish trend for the rest of the day, and the way is open to achieve our next target at 1945.20, reminding you that breaching it will push the price to 1960.00 as a next positive station.

 

On the other hand, we should note that breaking 1929.00 will stop the positive scenario and push the price to turn to decline.

 

The expected trading range for today is between 1920.00 support and 1950.00 resistance.

 

The expected trend for today: Bullish

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