Gold price within sideways track – Analysis - 08-04-2021
Gold price fluctuates within sideways track since yesterday, hovering around 1740.00 level, thus, no change to the expected bullish trend scenario for the upcoming period, which its main target located at 1765.00.
The EMA50 supports the suggested positive scenario, noting that the continuation of the bullish wave requires holding above 1726.00 and the most important above 1713.00.
The expected trading range for today is between 1725.00 support and 1760.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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