Gold price recovers – Analysis - 02-08-2019
Economies.com
2019-08-02 04:56AM UTC
Gold price achieved strong gains yesterday, starting today with bearish bias after approaching 1450.00 level, to test the support base formed at 1430.00 after breaching it previously, waiting to resume the bullish trend in the upcoming sessions, which its targets extend to reach 1500.00 after surpassing 1450.00.
Therefore, the bullish trend will be expected on the intraday and short term basis unless breaking 1410.90 and holding below it.
The expected trading range for today is between 1410.00 support and 1450.00 resistance.
The expected trend for today: Bullish
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