Midday update for Gold 05-08-2022
Economies.com
2022-08-05 09:30AM UTC
Gold price fluctuates with slight negativity, and it might test the key support base 1779.25 before turning back to rise again, as it is affected by stochastic negativity.
In general, the bullish trend scenario still valid as long as 1779.25 and the most important 1755.70 levels remain intact, reminding you that our targets begin by breaching 1802.80 to open the way to head towards 1831.95.
The expected trading range for today is between 1775.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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