Gold price achieves the extended target – Analysis - 25-06-2019
Economies.com
2019-06-25 04:32AM UTC
Gold price rallies upwards strongly to succeed reaching our waited target at 1433.60, showing more bullish bias by today’s opening to hint the continuation of the bullish trend domination on the intraday and short term basis, noting that the next target extends to reach 1477.00 areas.
The EMA50 continues to support the suggested bullish wave, waiting for more rise in the upcoming sessions conditioned by the price stability above 1420.00, as breaking this level will press on the price to start bearish correction on the intraday basis before resuming the expected rise.
The expected trading range for today is between 1415.00 support and 1455.00 resistance.
The expected trend for today: Bullish
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