Gold tests the resistance – Analysis - 21-03-2018
Economies.com
2018-03-21 04:56AM UTC
Gold price shows some bullish bias to test the first initial resistance at 1316.48, as the price is affected by stochastic positivity, noticing that the EMA50 meets the mentioned resistance to add more strength to it, which keeps the bearish trend scenario valid until now.
Therefore, we will keep our bearish overview unless breaching 1316.48 followed by 1322.00 levels and hold above them, reminding you that our next main target is located at 1301.20.
Expected trading range for today is between 1290.00 support and 1325.00 resistance.
Expected trend for today: Bearish
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