Gold price approaches the first target – Analysis - 10-08-2022
Economies.com
2022-08-10 03:57AM UTC
Gold price touched 1800.00$ barrier yesterday, showing sideways fluctuation near the intraday bullish channel’s support line, noticing that the EMA50 continues to support the price from below, waiting to resume the bullish bias to breach 1802.80 and open the way to head towards 1831.95.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1779.25 might press on the price to decline and test 1755.70 areas before any new attempt to rise.
The expected trading range for today is between 1780.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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