Gold price settles at the support – Analysis - 08-01-2021
Gold price settles at the intraday bullish channel’s support line, as the EMA50 meets this support to protect trading inside the mentioned channel, while stochastic continues to provide the positive signals.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1905.00, reminding you that our next target is located at 1970.00.
The expected trading range for today is between 1900.00 support and 1940.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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