Gold price tests the support base – Analysis - 03-08-2022
Economies.com
2022-08-03 03:53AM UTC
Gold price traded negatively on yesterday’s evening to test the key support 1755.70, and begins today with bullish bias to move away from the mentioned level, to keep the bullish trend scenario valid and active for the upcoming period, which its targets begin by breaching 1779.25 to open the way to head towards 1802.80.
The EMA50 and stochastic provide positive signals that support the suggested rise, which will remain valid conditioned by the price stability above 1755.70.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bullish
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