Gold price tests the support base – Analysis - 25-08-2023
Economies.com
2023-08-25 04:01AM UTC
Gold price trades negatively to test the key support 1913.15, affected by stochastic negativity, noticing that the indicator is gaining the positive momentum gradually, waiting to motivate the price to resume the bullish wave that targets 1929.00 followed by 1945.20 levels as next main stations.
Therefore, the bullish trend scenario will remain active, noting that breaking 1913.15 will stop the expected rise and push the price to decline again.
The expected trading range for today is between 1900.00 support and 1930.00 resistance.
The expected trend for today: Bullish
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