Midday update for Gold 09-08-2022
Economies.com
2022-08-09 09:09AM UTC
Gold price shows new positive trades to move away from 1779.25 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, waiting to test 1802.80 initially, reminding you that breaching it will push the price to 1831.95 as a next target, while the expected rise will remain valid conditioned by the price stability above 1779.25 and the most important above 1755.70.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bullish
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