Gold, August 2, H8 - H8

Tuesday, August 2, 2022 6:39 PM

Gold is moving in the range of the H8 downtrend channel. There are two scenarios.

1. Blue scenario: moving towards the support range of 1675 -1685

2. Red scenario: breaking the resistance range of 1780 -1790 and moving towards the resistance range of 1871 -1877.