Gold price suffers more losses – Analysis - 31-03-2021
Gold price confirmed breaking 1692.00 level after closing the daily candlestick below it, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to head towards our next target that reaches 1665.00.
The bearish channel continues to organize the suggested bearish wave, which gets good support by the EMA50, noting that breaching 1692.00 might push the price to achieve intraday gains that target testing 1730.00 before any new attempt to decline.
The expected trading range for today is between 1660.00 support and 1695.00 resistance.
The expected trend for today: Bearish
Reprinted from Economies，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.