Gold price approaches the first target – Analysis - 04-05-2021
Economies.com
2021-05-04 00:29AM UTC
Gold price settles near 1800.00 barrier after the strong rise that it witnessed yesterday, showing sideways trades now affected by stochastic negativity, waiting to get enough positive momentum to push trades to continue the main bullish trend, which its next target reach 1838.00.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1785.00 will press on the price to decline and test 1765.00 areas before any new attempt to rise.
The expected trading range for today is between 1780.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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