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July 13th, Economies.com’s analysts’ latest opinion today: Gold prices have confirmed that they have broken through the 1945.20 level, and the double-bottom pattern appears on the chart, which means that there will be more upward opportunities in the future. The next target is 1977.25, after that It is 2000.00 and 2016.90.
With the support of EMA50, the bullish outlook will be maintained, but a break below 1945.20 will break the uptrend and push the price back into the downtrend.
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The expected trading range of gold today is between 1950.00-1980.00.
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