Gold price achieves the extended targets – Analysis - 01-03-2019
Economies.com
2019-03-01 05:05AM UTC
Gold price settles at 1312.80 level, starting attempts to break it now, noticing that stochastic provides negative overlapping signal that supports the chances of confirming the break followed by pushing the price towards our next waited target at 1302.00.
Therefore, we will continue to suggest the bearish trend for today supported by the negative pressure formed by the EMA50, noting that breaching 1319.26 followed by 1324.50 levels will stop the expected decline and lead the price to return to the main bullish channel again.
The expected trading range for today is between 1300.00 support and 1324.00 resistance.
The expected trend for today: Bearish
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