Gold starts out on the positive – analysis

Gold price was unable to breach the level of 1820.00, to start today with a noticeable positivity and surpass the level of 1833.00, to head towards achieving expected gains during the upcoming sessions, on its way to initially test the 1850.00 level, noting that surpassing this level will extend the bullish wave to reach 1875.00 as a next station.

Thus, we expect to witness more gains today, bearing in mind that breaking 1820.00 will stop the expected rise and pressurize the price to incur losses that start at 1806.90 and extend to 1790.70.

The expected trading range for today is between 1815.00 support and 1855.00 resistance

The expected general trend for today: Bullish



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