Gold price surpasses the first target – Analysis - 30-08-2023
Economies.com
2023-08-30 04:24AM UTC
Gold price rallied upwards strongly yesterday to breach our first target at 1929.00 and confirm opening the way to achieve more gains, waiting to visit 1945.20 as a next main target.
The positive effect of the double bottom pattern still active, and supports the chances of continuing the rise, noting that breaking 1929.00 will put the price under negative pressure to head towards testing the most important support for the intraday trades at 1913.15 before determining the next trend clearly.
The expected trading range for today is between 1925.00 support and 1950.00 resistance.
The expected trend for today: Bullish
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