Midday update for Gold 10-05-2021

Economies.com
2021-05-10 10:11AM UTC

Gold price continues that attempts to breach 1838.00 level, reinforcing the expectations of continuing the bullish trendo n the intraday and short term basis, noting that our next targets reach 1847.00 followed by 1865.00, as the price gets good positive support by the EMA50, noting that breaking 1825.00 might put the price under correctional bearish pressure on the intraday basis before turning back to rise again.

 

The expected trading range for today is between 1820.00 support and 1855.00 resistance.

 

The expected trend for today: Bullish

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