Gold breaches the resistance – Analysis - 25-05-2018
Economies.com
2018-05-25 01:18AM UTC
Gold price confirmed breaching 1301.20 level after closing the daily candlestick above it, which pushes the price to recover and attempt to return to the main bullish track again, targeting testing 1316.48 level as a first main station.
Therefore, the bullish trend will be expected for the upcoming sessions unless breaking 1301.20 level and holding below it, noting that moving above the EMA50 supports the expected rise, which its targets extend to reach 1335.40 after surpassing the first target.
Expected trading range for today is between 1290.00 support and 1325.00 resistance.
Expected trend for today: Bullish
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