Midday update for Gold 31-03-2023

2 months ago

Gold price continues to fluctuate inside the symmetrical triangle’s pattern, waiting to breach 1992.00 to activate the positive effect of this pattern followed by rallying towards our positive targets that start at 2000.00 and extend to 2040.00.


The EMA50 continues to support the suggested bullish wave, waiting to get positive motive that assists to push the price to resume the expected rise, reminding you that it is important to hold above 1962.50 to achieve the waited targets.


The expected trading range for today is between 1965.00 support and 2000.00 resistance.


The expected trend for today: Bullish

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