Midday update for Gold 28-09-2020
Economies.com
2020-09-28 09:09AM UTC
Gold price trades negatively to break 1860.90 and attempts to hold below it, which hints the price head to achieve more expected decline in the upcoming sessions, but we need to get a daily close below the mentioned level to confirm heading towards 1794.85 that represents the next negative target.
Therefore, we will continue with our neutrality until confirming breaking the mentioned support or breaching 1877.00 resistance followed by detecting the next targets clearly.
The expected trading range for today is between 1830.00 support and 1900.00 resistance.
The expected trend for today: Neutral
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