Technical analysis: Gold prices start to fall

On June 12, analysts at Economies have the latest opinion today: At the opening of today, the price of gold fell to 1945.20 and maintained a downward trend, waiting to break through the above level to confirm the extension of the corrective decline to 1913.15.

A break below EMA50 support further confirms a return to a corrective decline, but a break above 1977.25 will halt the decline and guide prices higher.

Today’s expected trading range is between 1935.00 support and 1970.00 resistance.