Gold starts with an upward gap
The price of gold opened today's trading with an upward gap that placed the price above the 1838.35 level,
which leads the price to recover and attempt to achieve gains that begin by testing the
1873.50 level,
so that the upward bias is likely for today
Moving above the moving average 50 supports positive expectations, and breaching the aforementioned level will extend gold price gains to reach the 1913.15 areas in the near term, taking into account that breaking 1838.35 will stop the proposed upward wave and put pressure on the price to decline again.
The expected trading range for today is between support 1840.00 and resistance 1870.00
which leads the price to recover and attempt to achieve gains that begin by testing the
1873.50 level,
so that the upward bias is likely for today
Moving above the moving average 50 supports positive expectations, and breaching the aforementioned level will extend gold price gains to reach the 1913.15 areas in the near term, taking into account that breaking 1838.35 will stop the proposed upward wave and put pressure on the price to decline again.
The expected trading range for today is between support 1840.00 and resistance 1870.00
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