Gold price around the moving average – Analysis - 29-07-2019
Economies.com
2019-07-29 04:45AM UTC
Gold price continues to fluctuate within sideways track around the EMA50, keeping its stability above 1410.90 support, which keeps the bullish trend scenario valid as it is without any change, which targets 1450.00 as a first main station.
We should note that breaking 1410.90 will press on the price to achieve more bearish correction that its next target located at 1384.95.
The expected trading range for today is between 1410.00 support and 1440.00 resistance.
The expected trend for today: Bullish
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