Gold price tests the support base – Analysis - 03-10-2022
Economies.com
2022-10-03 04:17AM UTC
Gold price provided temporary negative trades to test the key support base 1660.00, and the EMA50 meets this level to add more strength to it, while stochastic begins to provide positive overlapping signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which its next target located at 1686.40, noting that breaking 1660.00 will stop the correctional bullish scenario and press on the price to decline again.
The expected trading range for today is between 1650.00 support and 1686.00 resistance.
The expected trend for today: Bullish
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