Gold price attempts positively – Analysis - 02-06-2020

2020-06-02 04:14:17 GMT (Economies.com)
 

Gold price shows calm positive trades to move away from the EMA50, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, waiting to test 1764.00 that represents our first main target, reminding you that breaching this level will push the price to 1810.00 as a next station.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1719.00 will press on the price to test the most important support at 1691.00 before any new positive attempt.

 

The expected trading range for today is between 1720.00 support and 1764.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1300
-0.0031
0.2745%
1.2628
0.0121
0.9695%
Tadawul
7416.67
22.41
0.30%
18.662
0.316
1.720%
40.180
-0.055
0.137%
42.79
0.44
1.04%
1795.260
9.275
0.519%
 
 
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