Gold price around the moving average – Analysis - 03-08-2021

2021-08-03 04:18:00 GMT (Economies.com)
 

Gold price fluctuates around the EMA50, noticing that stochastic begins to provide negative overlapping signal now, waiting to motivate the price to resume the bearish bias to test 1797.00 as a first target, reminding you that breaking it will push the price to 1770.00 as a next negative target.

 

In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1825.15 and hold with a daily close above it.

 

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1615
0.0004
0.0336%
1.3767
0.0028
0.2031%
Tadawul
11861.19
15.26
0.13%
24.409
1.095
4.697%
84.702
1.356
1.627%
86.21
0.66
0.77%
1800.910
31.170
1.761%
 
 
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