Gold price approaches the target – Analysis - 07-08-2019
Economies.com
2019-08-07 05:07AM UTC
Gold price opened today’s trading with strong rise to approach our main waited target at 1500.00, and we believe that the way is open to continue achieving gains in the upcoming period, as the price gets continuous positive support by the EMA50, noting that the next station is represented by testing the most important resistance to the medium term trading at 1526.85.
Therefore, we are waiting for more rise in the upcoming sessions conditioned by the price stability above 1450.00.
The expected trading range for today is between 1470.00 support and 1510.00 resistance.
The expected trend for today: Bullish
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