Midday update for Gold 05-08-2020
Economies.com
2020-08-05 09:07AM UTC
Gold price resumes its positive trading to move away from 2000.00$ barrier, to support the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to head towards our next target at 2075.00, noting that the EMA50 keeps supporting the positive scenario, which its continuation conditions holding above 1981.20.
The expected trading range for today is between 1985.00 support and 2060.00 resistance.
The expected trend for today: Bullish
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