Midday update for Gold 30-05-2023
Economies.com
2023-05-30 09:17AM UTC
Gold prices declined this morning but it returns to fluctuate near 1945.20 level, waiting to get negative motive that assists to push the price to resume the bearish wave that targets 1913.15 level as a next main station.
The EMA50 keeps supporting the expected bearish wave, which will remain valid unless breaching 1961.30 followed by 1977.25 levels and holding above them.
The expected trading range for today is between 1925.00 support and 1960.00 resistance.
The expected trend for today: Bearish
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