Midday update for Gold 17-06-2021
Economies.com
2021-06-17 10:04AM UTC
Gold price resumed its negative trading clearly to approach our waited target at 1800.00, noting that the chances valid to surpass this level and open the way to achieve more bearish correction, which its next target reaches 1770.00.
Therefore, we will continue to suggest the bearish trend for the rest of the day unless the price rallied to breach 1825.15 level and hold above it.
The expected trading range for today is between 1790.00 support and 1840.00 resistance.
The expected trend for today: Bearish
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