Gold price begins positively – Analysis - 30-05-2022

Gold price opens today’s trading with new rise after leaning on 1850.00 level, to resume the bullish wave that targets testing 1890.00 as a next main station, supported by stochastic and the EMA50 positivity.

Therefore, we are waiting for more bullish bias today, noting that breaking 1850.00 followed by 1838.10 levels will stop the expected rise and press on the price to return to decline again.

The expected trading range for today is between 1845.00 support and 1880.00 resistance.

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The expected trend for today: Bullish