Gold price keeps achieving gains – Analysis - 06-08-2020
Economies.com
2020-08-06 03:56AM UTC
Gold price settles around 2040.00 level after the rises that it witnessed yesterday, and continues to move inside the bullish channel that appears on the chart, supported by the EMA50, waiting for more rise in the upcoming sessions to visit 2078.00 that represents our next main target.
Therefore, we will continue to suggest the bullish on the intraday and short term basis, noting that breaking 1990.00 will stop the suggested rise and press on the price to start correctional bearish wave.
The expected trading range for today is between 2010.00 support and 2075.00 resistance.
The expected trend for today: Bullish
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