Midday update for Gold 21-09-2023

Economies.com
2023-09-21 09:19AM UTC

Gold price resumes its negative trading to start moving away from 1929.00 level, to support the continuation of the expected bearish trend for today, and the way is open to achieve our main waited target at 1913.15.

 

Surpassing the EMA50 will ease the mission of achieving the expected decline, waiting for more bearish bias in the upcoming sessions conditioned by the price stability below 1929.00.

 

The expected trading range for today is between 1910.00 support and 1940.00 resistance.

 

The expected trend for today: Bearish

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