Midday update for Gold 07-07-2020
Economies.com
2020-07-07 10:13AM UTC
Gold price trades negatively to attack the intraday bullish channel’s support line that appears on the chart, which might force the price to test the most important support at 1756.00 before turning back to rise again.
The EMA50 provides the positive support to the price, to keep our bullish overview conditioned by the price stability above 1756.00, reminding you that our main waited targets begin at 1800.00 and extend to 1850.00.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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