Gold price continues to decline calmly, approaching gradually from our first negative target at 1810.00, to keep the bearish trend scenario active, waiting for more decline to visit 1780.25 as a next negative station.

In general, we will continue to suggest the bearish trend – supported by the negative pressure formed by the EMA50 – unless the price rallied to breach 1850.00 and hold above it.

The expected trading range for today is between 1800.00 support and 1840.00 resistance.

Open Live Trading Account

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0229	0.0032	0.3143%
The EURUSD awaits more rise – Analysis - 09-08-2022
	GBP/USD	1.2097	-0.0020	0.1634%

	Silver	20.582	0.217	1.068%

	Oil	89.426	0.948	1.071%
Crude oil price attempts to recover – Analysis - 09-08-2022
	Brent Oil	95.69	-1.25	1.29%

	Gold	1791.555	9.880	0.554%
Gold price resumes the rise – Analysis - 09-08-2022

Live Forex Updates

Dollar edges down on profit-taking

2022-08-08 11:55:20 GMT

Canada's unemployment rate settles at record lows

2022-08-05 12:41:45 GMT

Canada's economy loses jobs for second straight month

2022-08-05 12:40:05 GMT

US economy adds more jobs than expected in July

2022-08-05 12:38:30 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.