Midday update for Gold 12-08-2022

Economies.com
2022-08-12 09:09AM UTC

Gold price didn’t show any strong move since morning, and as long as the price is above 1779.25, our bullish overview will remain active for today, supported by the EMA50, reminding you that our waited targets begin at 1802.80 and extend to 1831.95 after breaching the previous level.

 

The expected trading range for today is between 1775.00 support and 1810.00 resistance.

 

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The expected trend for today: Bullish

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