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Midday update for Gold 15-07-2021

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Midday update for Gold 15-07-2021
 

Gold price resumes its positive trading to attempt to move away from 1825.15, reinforcing the expectations of continuing the bullish trend for the rest of the day, which targets 1860.00 as a next station, noting that the EMA50 supports the suggested positive scenario, which will remain valid conditioned by the price stability above 1825.15.

 

The expected trading range for today is between 1810.00 support and 1855.00 resistance.

 

The expected trend for today: Bullish

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