Gold analysis 3.02.2022

Gold price shows new positive trades, but it faces strong resistance formed by the EMA50. Gold is waiting to cross this barrier to facilitate the task of heading towards our next positive station, which is located at 1825.15.

Therefore, our bullish trend expectations will remain valid and effective for the upcoming period. We remind you that stability above 1797.00 is important to achieve the awaited targets.

The expected trading range for today is between the support 1790.00 and the resistance 1825.00.

The forecast trend for today: bullish.