Gold price attempts positively – Analysis - 08-06-2022
Economies.com
2022-06-08 04:09AM UTC
Gold price managed to surpass 1850.00 level and hold above it, which supports the continuation of the bullish trend scenario, organized inside the bullish channel that appears on the chart, waiting to get positive motive that assist to push the price to head towards our main expected target at 1890.00.
Holding above 1838.10 is important to continue the bullish trend, as breaking it will press on the price to resume the main bearish wave again to head towards achieving negative targets that start at 1815.00 and extend to 1780.25.
The expected trading range for today is between 1830.00 support and 1870.00 resistance.
The expected trend for today: Bullish
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