Gold price approaches the target – Analysis - 10-04-2020

Gold price provides positive trades to keep approaching our waited target at 1703.25, getting continuous positive support by the EMA50, to support the chances of breaching this level and open the way to achieve more positive targets, as the next target reaches 1770.00.

Therefore, the bullish trend scenario will remain valid and active in the upcoming sessions, organized inside the main bullish channel that appears on the chart, reminding you that it is important to hold above 1644.20 as a first condition to continue the suggested bullish wave.

The expected trading range for today is between 1665.00 support and 1710.00 resistance.

The expected trend for today: Bullish