July 18th, Economies analysts’ latest opinion today: the price of gold tested 1945.20 and rebounded here, restarting the upward path, with the goal of reaching 1977.25.
EMA50 supports the expected uptrend, with the double bottom pattern appearing on the chart, the price may surpass the above target and head towards 2000.00 and 2016.90. Overall, the uptrend will remain valid unless it breaks below 1945.20, followed by 1935.10 and holds below them.
Today’s expected trading range is between 1945.00 support and 1980.00 resistance.