Midday update for Gold 18-10-2021
Economies.com
2021-10-18 09:12AM UTC
Gold price resumes its negative trading to move away from 1770.00 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, supported by moving below the EMA50, and we believe that the way is open to visit our main waited target at 1734.00, reminding you that the continuation of the bearish wave requires holding below 1770.00.
The expected trading range for today is between 1745.00 support and 1780.00 resistance.
The expected trend for today: Bearish
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