Gold price awaits more rise – Analysis - 05-07-2019

Economies.com
2019-07-05 04:38AM UTC

Gold price shows sideways trading since yesterday and continues to move around 1425.00, and as long as the price is above 1400.00, our bullish overview will remain valid for the upcoming period, as the price moves inside the bullish channel that carries trading from 1275.00 areas, waiting to breach 1439.00 to confirm extending the bullish wave towards 1500.00.

 

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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