Gold price keeps its positive stability – Analysis - 01-09-2021
Gold price provided negative trades yesterday and approached the key support 1797.00, but the EMA50 managed to protect the price from achieving more decline, to rebound bullishly and head towards 1825.15, to continue moving inside the bullish channel that appears on the chart, waiting to breach the last level to open the way to head towards 1860.00 that represents our next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1797.00 and holding below it.
The expected trading range for today is between 1800.00 support and 1835.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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