Gold price achieves the first target – Analysis - 05-08-2019
Economies.com
2019-08-05 05:07AM UTC
Gold price succeeded to touch our waited target at 1450.00 and attempts to breach it now, which reinforces the expectations of extending the bullish wave on the intraday and short term basis, which gets positive support by the EMA50, reminding you that our next target reaches 1500.00.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, noting that failing to confirm breaching 1450.00 followed by breaking 1435.00 will stop the expected rise and press on the price to test 1410.90 areas again before any new attempt to rise.
The expected trading range for today is between 1435.00 support and 1470.00 resistance.
The expected trend for today: Bullish
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