Gold price resumes the bullish bias – Analysis - 08-12-2022

Gold price provided clear positive trades to attempt to return to the bullish channel that appears on the chart, waiting to get positive momentum that assists to push the price to surpass 1790.00 and ease the mission of heading towards 1810.00 as a next positive station, noting that breaching this level will extend the bullish wave to reach 1850.00 areas.

Therefore, we will continue to suggest the bullish trend unless breaking 1764.40 and holding below it.

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

The expected trend for today: Bullish