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Midday update for Gold 09-04-2021

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Midday update for Gold 09-04-2021
 

 

Gold price shows some temporary bearish bias to test 1740.00, and as long as the price is above 1731.00, our bullish overview will remain valid and active for the upcoming period, supported by the EMA50, and the price needs to get positive momentum that assist to push the price to head towards our main expected target at 1765.00.

 

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

 

The expected trend for today: Bullish

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