Commodities

Midday update for Gold 10-06-2021

2021-06-10 09:17:08 GMT (Economies.com)

Gold price provides additional negative trades to reach the bullish channel’s support line, waiting to rebound bullishly to start new bullish wave and resume the main bullish track, which its next target located at 1928.60, to keep our bullish overview conditioned by the price stability above 1872.50, reminding you that breaking this level will push the price to achieve more decline and start correctional bearish wave on the intraday basis.

 

The expected trading range for today is between 1875.00 support and 1910.00 resistance.

 

The expected trend for today: Bullish

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