Midday update for Gold 16-08-2022
Economies.com
2022-08-16 10:02AM UTC
Gold price faces negative pressure to attack 1779.25 level, which urges caution from the upcoming trading, as breaking this level will stop the recently suggested positive scenario and press on the price to decline towards 1755.25 before any new attempt to rise, noting that the consolidation above 1779.25 is required to resume the bullish wave that its first target located at 1802.80.
The expected trading range for today is between 1770.00 support and 1800.00 resistance.
The expected trend for today: Bullish
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