End of day analysis for Gold 30-05-2017

Economies.com
2017-05-30 19:28PM UTC

 

Gold price fell under negative pressure to move below the bullish channel's support, but it returns to recover and attempts to step above this support again, supported by stochastic besides the EMA50 positivity, which keeps the overall positive scenario valid for the upcoming period, which its next target located at 1295.37, noting that the continuation of the bullish trend depends on holding above 1249.94.

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