Gold price approaches the first target – Analysis - 08-07-2020

Economies.com
2020-07-08 04:32AM UTC

Gold price resumed its positive trading clearly on yesterday’s evening to reach the thresholds of the first target 1800.00, reinforcing the expectations of continuing the main bullish trend, noting that we suggest the continuation of the bullish bias to achieve additional positive targets that extend to 1825.00 followed by 1855.00.

 

Therefore, the positive scenario will remain valid for the upcoming period supported by the EMA50, noting that holding above 1760.00 is important to achieve the suggested targets.

 

The expected trading range for today is between 1780.00 support and 1815.00 resistance.

 

The expected trend for today: Bullish

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