Gold price keeps moving around the intraday bullish channel’s support line, getting continuous positive support by the EMA50, waiting to get enough positive momentum to push the price to resume the main bullish wave, which targets 1800.00 followed by 1850.00 levels.

Therefore, we will keep our bullish overview conditioned by the price stability above 1770.00 and the most important above 1750.00.

The expected trading range for today is between 1760.00 support and 1800.00 resistance.

The expected trend for today: Bullish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1785	0.0075	0.6435%
Update: The EURUSD reaches the second target
	GBP/USD	1.3052	0.0037	0.2828%

	Tadawul	7499.97	10.08	0.13%

	Silver	28.209	3.962	16.340%

	Oil	41.550	1.115	2.757%
Midday update for Crude oil 07-08-2020
	Brent Oil	44.64	-0.45	1.00%

	Gold	2032.160	62.805	3.189%
Update: Gold price faces negative pressure

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