Midday update for Gold 28-09-2021
Economies.com
2021-09-28 09:46AM UTC
Gold price managed to break the bearish flag’s support line and rallied downwards strongly to succeed achieving our waited negative target at 1735.00, expecting the continuation of the negative pressure to break this level and open the way to head towards 1692.00 as a next main target.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1770.00 and hold above it.
The expected trading range for today is between 1730.00 support and 1765.00 resistance.
The expected trend for today: Bearish
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