Midday update for Gold 04-05-2021
Economies.com
2021-05-04 08:34AM UTC
Gold price tests the support base formed above 1785.00 after breaching it previously and keeps its stability above it until now, which keep the bullish trend scenario active for today, waiting to head towards 1838.00 as a next main target, reminding you that breaking the mentioned support will put the price under negative pressure that targets visiting 1765.00 areas before any new positive attempt.
The expected trading range for today is between 1780.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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