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Midday update for Gold 16-03-2022

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Midday update for Gold 16-03-2022
 

Gold price settles below 1925.35 level, to keep the negative pressure valid for today, supported by stochastic loss to the positive momentum clearly, waiting to resume the bearish trend that depends on the price stability below the mentioned level, noting that our next main target is located at 1890.10.

 

The expected trading range for today is between 1890.00 support and 1940.00 resistance.

 

The expected trend for today: Bearish

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