FX.co ★ Daily analysis of Gold for August 02, 2016

Overview

The gold price trades with calm positivity in attempt to approach gradually from our first main target at 1,375.00. The price gets continuous positive support to achieve gains in the upcoming period. In general, the positive scenario will remain valid as long as the price is above 1,312.00 and 1,297.75 levels. A break of 1,375.00 levels will reinforce the expectations for further gains to 1,400.00 then 1,440.00. The expected trading range for today is between the 1,332.00 support and the 1,380.00 resistance.