Update: Gold price is recovering

2022-09-28 13:54:05 GMT (

Gold price rallies upwards strongly to reach the bearish channel’s resistance, which urges caution from the upcoming trading, as continuing the rise and breaching this resistance will stop the recently suggested negative scenario and lead the price to start correctional bullish wave on the intraday basis, its targets begin by visiting 1686.40 areas, while consolidating below 1656.00 will push the price to resume the main bearish trend that its next target located at 1605.00.

More Analysis

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.