Gold price breaches the resistance – Analysis - 28-07-2022

2022-07-28 04:01:25 GMT (Economies.com)
 

Gold price managed to breach 1726.60 and hold above it, to reactivate the correctional bullish scenario again, paving the way to achieve new gains that start by testing  1755.70.

 

Therefore, the bullish bias will be suggested for today, supported by the EMA50, taking into consideration that breaking 1726.60 followed by 1715.65 levels will stop the suggested positive scenario and press on the price to resume the main bearish trend again.

 

The expected trading range for today is between 1725.00 support and 1760.00 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9693
0.0037
0.3868%
1.0812
-0.0008
0.0767%
18.848
-0.010
0.053%
82.256
2.962
3.736%
89.32
3.00
3.48%
1658.000
12.640
0.768%
 
 
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