Midday update for Gold 29-07-2021

Gold price trades with clear positivity to reach the sideways range’s resistance at 1825.15, which urges caution from the upcoming trading, as breaching this level will put the price out of the sideways range mentioned in our morning report and lead the price to achieve more rise and head towards 1860.00 as a next positive target, while holding against the current bullish rally will press on the price to rebound bearishly and visit the sideways range’s support line at 1797.00 in the upcoming sessions.

The expected trading range for today is between 1795.00 support and 1835.00 resistance.

The expected trend for today: Sideways