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Gold price gets a positive signal – Analysis - 18-08-2021
Gold price begins today with new bullish bias to approach 1797.00 level, getting positive signals by stochastic, waiting for more rise to surpass the mentioned level and head towards 1825.15 as a next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that the continuation of the bullish wave depends on the price stability above 1770.00.
The expected trading range for today is between 1775.00 support and 1820.00 resistance.
The expected trend for today: Bullish
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