Gold price approaches the target – Analysis - 05-08-2022
1 year ago

Gold price shows additional positive trades to approach our waited target at 1802.80, organized inside the intraday bullish channel that appears on the chart, which supports the chances of breaching the mentioned level to achieve additional gains that reach 1831.95.


Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1779.25 and the most important above 1755.70.



The expected trading range for today is between 1775.00 support and 1810.00 resistance.


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The expected trend for today: Bullish

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