Midday update for Gold 26-07-2023
Economies.com
2023-07-26 09:30AM UTC
Gold price trades positively to approach testing the key resistance 1977.25, noting that consolidating below this level keeps the expected bearish trend scenario active for today, which targets 1945.20 as a next main station.
On the other hand, we should note that the continuation of the rise and breaching 1977.25 will stop the negative scenario and push the price to resume the main bullish trend and head towards 2000.00 initially.
The expected trading range for today is between 1945.00 support and 1977.00 resistance.
The expected trend for today: Bearish
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