Golden 11-01-2024 midday update

Gold prices are crawling upwards, approaching the small bearish channel support line, noting that the randomness has clearly lost its positive momentum, waiting for the price to resume the bearish wave expected today. Its target begins with a move above key support at 1977.46 to confirm a rebound towards 1977.46, reminding you that the first condition for continued expected decline is to remain below 2044.85.

The expected trading range today is between support at 200.00 and resistance at 2040.00.

Expected trend today: Bearish