Midday update for Gold 31-01-2023
Economies.com
2023-01-31 10:31AM UTC
Gold price succeeded to touch our waited target at 1908.40 and attempts to break it, to hint heading to achieve more expected decline in the upcoming sessions, paving the way to achieve additional negative targets that reach 1871.00, to keep the bearish bias dominant for the rest of the day, taking into consideration that failing to confirm breaking 1908.40 will lead the price to attempt to build new bullish wave and resume the main bullish trend again.
The expected trading range for today is between 1895.00 support and 1920.00 resistance.
The expected trend for today: Bearish
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