The price of gold begins today’s trading with a bearish bias, heading towards resuming the expected downward trend in the intraday term, which mainly targets testing the 1962.35 level.
The Stochastic indicator provides negative signals that support the continuation of the downward trend, and breaking 1983.55 will make it easier for the price to achieve the suggested target, while breaking 2000.00 will stop the negative scenario and push the price to try to restore the main upward trend again.
support 1965 and resistance 2000
The Stochastic indicator provides negative signals that support the continuation of the downward trend, and breaking 1983.55 will make it easier for the price to achieve the suggested target, while breaking 2000.00 will stop the negative scenario and push the price to try to restore the main upward trend again.
support 1965 and resistance 2000