Gold price achieves the target – Forecast today
Gold price ended yesterday with strong negativity to settle below 2635.06$, as it activated the negative effect of the double top pattern to fall under expected negative pressure in the upcoming sessions, which supports the chances of breaking 2603.87$ to open the way to head towards 2578.65$ as a next correctional station, News.Az reports citing The Economiies .
Therefore, we expect to witness more decline on the intraday basis, noting that breaching 2635.06$ will stop the negative scenario and lead the price to attempt to return to the main bullish track again.
The expected trading range for today is between 2590.00$ support and 2635.00$ resistance.
Therefore, we expect to witness more decline on the intraday basis, noting that breaching 2635.06$ will stop the negative scenario and lead the price to attempt to return to the main bullish track again.
The expected trading range for today is between 2590.00$ support and 2635.00$ resistance.
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