Gold price keeps its positive stability – Analysis - 04-08-2022

2022-08-04 04:04:39 GMT (Economies.com)
 

Gold price tested 1755.70 level again and kept its stability above it, to rebound bullishly and resume the correctional bullish wave, waiting to breach 1779.25 to confirm opening the way to head towards 1802.80.

 

The EMA50 continues to support the expected rise, which moves organized inside the bullish channel that appears on the chart, noting that the continuation of the bullish wave requires holding above 1755.70.

 

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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