Gold price managed to breach 1779.25 level and attempts to hold above it, which supports the continuation of the expected bullish trend scenario for the upcoming period efficiently, opening the way to head towards our next positive target at 1802.80, noting that holding above 1779.25 represents the first condition to continue the suggested rise.

The expected trading range for today is between 1755.00 support and 1790.00 resistance.

Open Live Trading Account

The expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0265	0.0067	0.6597%
Midday update for the EURUSD 12-08-2022
	GBP/USD	1.2139	0.0022	0.1816%

	Silver	20.583	0.219	1.075%

	Oil	92.262	3.784	4.277%
Midday update for Crude oil 12-08-2022
	Brent Oil	97.88	-1.74	1.75%

	Gold	1796.970	15.295	0.859%
Midday update for Gold 12-08-2022

Live Forex Updates

UK economy shrinks in the second quarter

2022-08-12 06:35:07 GMT

US unemployment claims rise

2022-08-11 12:51:26 GMT

US producer prices decline in July

2022-08-11 12:44:14 GMT

US productivity and labor unit costs improve in US

2022-08-09 12:44:21 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.