Midday update for Gold 10-07-2020

Economies.com
2020-07-10 10:55AM UTC

Gold price begins to provide positive trading in attempt to resume the main bullish trend, getting positive motive by stochastic, waiting for more rise to achieve our positive targets that start at 1825.00 and extend to 1855.00, noting that the EMA50 keeps protecting the suggested positive scenario, which will remain valid conditioned by the price stability above 1770.00.

 

The expected trading range for today is between 1790.00 support and 1830.00 resistance.

 

The expected trend for today: Bullish

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