Midday update for Gold 28-03-2023

Gold price trades negatively to press on the key support 1950.00, and as we mentioned this morning, this level represents one of the next trend keys besides 1962.50 resistance, as the price needs to surpass one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now.

We remind you that breaking the mentioned support will press on the price to achieve correctional negative targets that start a t1933.20 and extend to 1909.55, while breaching the resistance represents the key to resume the main bullish trend to head towards 2000.00 initially.

The expected trading range for today is between 1945.00 support and 1980.00 resistance.

The expected trend for today: Neutral