What changes in gold price today? How should trade?
Updated
Hello, Karina's wonderful friends!
Yesterday, we were expecting a price increase in gold, but instead, it underwent a corrective trend and lost nearly 200 pips up until now.
The support level at $2072 was broken, and the metal is currently finding immediate support at $2065. With the bearish trend in play, breaking the current support level will open up two attractive profit-taking targets at $2056 and $2050.
Yesterday, we were expecting a price increase in gold, but instead, it underwent a corrective trend and lost nearly 200 pips up until now.
The support level at $2072 was broken, and the metal is currently finding immediate support at $2065. With the bearish trend in play, breaking the current support level will open up two attractive profit-taking targets at $2056 and $2050.
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