Midday update for Gold 22-08-2023
Economies.com
2023-08-22 09:38AM UTC
Gold price continues to rise to breach 1897.00 and attempts to hold above it, reinforcing the expectations of continuing the bullish trend efficiently for the rest of the day, and the way is open to achieve our first waited target at 1913.15.
We remind you that breaching the targeted level will push the price to 1929.00 followed by 1945.20 as next main stations, while the expected rise will remain valid unless breaking 1889.35 and holding below it.
The expected trading range for today is between 1885.00 support and 1913.15 resistance.
The expected trend for today: Bullish
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