Midday update for Gold 08-06-2021
Economies.com
2021-06-08 09:23AM UTC
Gold price tests the EMA50 that forms good intraday support against the price, and stochastic effect continues to press negatively on the price, and it needs positive motive to push the price to resume the main bullish trend, which its next target located at 1928.60.
In general, we will continue to suggest the bullish trend on the intraday and short term basis unless we witnessed clear break and hold below 1865.00.
The expected trading range for today is between 1880.00 support and 1920.00 resistance.
The expected trend for today: Bullish
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