No news for gold price – Analysis - 03-11-2023
Economies.com
2023-11-03 04:11AM UTC
The tight range dominates gold price trades since yesterday, which keeps moving around the EMA50, which keeps the bearish trend scenario valid as it is without any change, which targets testing 1962.35 level mainly.
Holding below 1993.00 is important to continue the expected decline, as breaching it represents positive factor that we expect to push the price to recover and test the recently recorded high at 2009.30 initially.
The expected trading range for today is between 1965.00 support and 2000.00 resistance.
The expected trend for today: Bearish
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