Gold price attempts to recover – Analysis - 29-07-2021

2021-07-29 04:01:23 GMT (Economies.com)
 

Gold price provides clear positive trades to head towards potential test to the key resistance 1825.15, to move between this resistance and 1797.00 support, which makes us suggest witnessing sideways trades between these levels until the price manages to breach one of them and detect the next destination clearly.

 

Note that the continuation fo the rise and breaching the mentioned resistance will lead the price to achieve additional gains that reach 1860.00, while breaking the support represents the key to continue the bearish correction that its next target located at 1770.00.

 

The expected trading range for today is between 1795.00 support and 1835.00 resistance.

 

The expected trend for today: Sideways

 
 
 
  Symbol Last Change Chg.%
1.1620
0.0009
0.0797%
1.3760
0.0021
0.1518%
Tadawul
11890.10
44.17
0.37%
24.381
1.067
4.579%
84.382
1.036
1.243%
86.21
0.68
0.80%
1799.215
29.475
1.665%
 
 
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