Gold price under the negative pressure – Analysis - 02-08-2021
Economies.com
2021-08-02 04:26AM UTC
Gold price could not manage to hold for long time above 1825.15, to trade with clear negativity and head towards achieving more expected decline in the upcoming sessions, targeting testing 1797.00 mainly.
Therefore, the bearish bias will be expected for today, noting that breaching 1825.15 will stop the expected negative pressure and lead the price to resume the bullish wave that its next positive target located at 1860.00.
The expected trading range for today is between 1790.00 support and 1825.00 resistance.
The expected trend for today: Bearish
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