Gold analysis

Gold achieved its first target as it reached the resistance level of 1800.00, broke slightly, and reached the next target at 1808.00. Before returning to the rebound and correction to the support level 1790.00, the EMA 20 resides.

Keeping trading above the average level 50 is necessary to continue the bullish path, while breaching this level will put the price under negative pressures that might push it to reach the support 1770.00.

The expected trading range for today is between the support 1775.00 and the resistance 1800.00.

Support: 1780.00—1775.00—1765.00.

Resistance: 1795.00—1800.00.

The forecast trend for today: bullish.

Author: GC
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