Midday update for Gold 29-09-2022
Economies.com
2022-09-29 09:35AM UTC
Gold price continues to decline to return to the bearish channel again, motivated by stochastic current negativity, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to visit 1638.00 as a next main station, noting that surpassing this level will push the price to 1614.80 as a next target, while holding below 1660.00 represents key condition to achieve the suggested targets.
The expected trading range for today is between 1625.00 support and 1670.00 resistance.
The expected trend for today: Bearish
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