Midday update for Gold 22-09-2022
Economies.com
2022-09-22 09:11AM UTC
Gold price returns to rise strongly to test the bearish channel’s resistance, and as we mentioned in our recent reports, the price needs to consolidate below 1680.00 to keep the bearish trend scenario active, as breaching it will lead the price to achieve new gains that start at 1690.00 and extend to 1710.00, while breaking 1665.00 is required to reinforce the chances of resuming the bearish trend that its next main target located at 1644.00.
The expected trading range for today is between 1650.00 support and 1685.00 resistance.
The expected trend for today: Bearish
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