Technical analysis
The price of gold opens the trading day positively after testing the pivotal support 1934.86 and consolidating above it, which provides indications of the price direction to achieve expected gains during the upcoming sessions, supported by the positivity of the stochastic indicator, on its way to resume the main bullish trend, noting that the main expected targets start at 1967.90 and extend To 2008.80.
Consequently, the bullish trend will be likely in the intraday and short term, provided that the price maintains stability above 1934.86.
The expected trading range for today is between 1935.00 support and 1975.00 resistance
The expected general trend for today: Bullish
Technical analysis The price of gold opens the trading day positively after testing the pivotal support 1934.86 and consolidating above it, which provides indications of the price direction to achieve expected gains during the upcoming sessions, supported by the positivity of the stochastic indicator, on its way to resume the main bullish trend, noting that the main expected targets start at 1967.90 and extend To 2008.80.
Consequently, the bullish trend will be likely in the intraday and short term, provided that the price maintains stability above 1934.86.
The expected trading range for today is between 1935.00 support and 1975.00 resistance
The expected general trend for today: Bullish