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Midday update for Gold 03-08-2021

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Midday update for Gold 03-08-2021
 

Gold price didn’t show any strong move since morning, to continue fluctuating around the EMA50, thus, no change to the bearish trend scenario that depends on the price stability below 1825.15 level, while its targets begin at 1797.00 and extend to 1770.00 after breaking the previous level.

 

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

 

The expected trend for today: Bearish

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