Midday update for Gold 29-09-2023
Economies.com
2023-09-29 09:06AM UTC
Gold price is testing the key resistance 1873.50 now, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the bearish trend scenario active, supported by stochastic loss to the positive momentum, reminding you that our next target is located at 1839.00.
On the other hand, we should note that breaching 1873.50 will stop the negative scenario and push the price to turn to rise.
The expected trading range for today is between 1845.00 support and 1880.00 resistance.
The expected trend for today: Bearish
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