Midday update for Gold 29-03-2023

Economies.com
2023-03-29 11:45AM UTC

Gold price tested the key support 1962.50 level and keeps its stability above it until now, as the EMA50 meets this level to add more strength to it, waiting to resume the bullish wave that its targets begin at 2000.00.

 

Stochastic negativity interprets the reasons of the current negative fluctuation, while in general, the bullish trend will remain active for today unless breaking 1962.50 and holding with a daily close below it.

 

The expected trading range for today is between 1960.00 support and 1990.00 resistance.

 

The expected trend for today: Bullish

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