Midday update for Gold 24-05-2023
Economies.com
2023-05-24 10:01AM UTC
Gold prices continues to fluctuate around 1977.25 level, noticing that stochastic continues to provide the negative signals, to support the continuation of the expected bearish trend for today, which targets 1945.20 level as a next station.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid unless breaching 1977.25 and holding with a daily close above it.
The expected trading range for today is between 1950.00 support and 1985.00 resistance.
The expected trend for today: Bearish
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