Gold price below the moving average – Analysis - 12-03-2019

2019-03-12 05:17:59 GMT (Economies.com)
Gold price below the moving average – Analysis - 12-03-2019
 

Gold price tests the EMA50 now, affected by stochastic positivity, but as long as the price is below 1302.60, our bearish overview will remain active, waiting to visit 1275.30 level as a next main target.

 

We should note that breaching 1302.60 will stop the current correctional bearish wave and lead the price to regain the main bullish trend again.

 

The expected trading range for today is between 1275.00 support and 1310.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1163
0.0000
0.0031%
1.2709
-0.0028
0.2202%
14.455
0.037
0.260%
62.977
0.296
0.473%
72.00
0.21
0.29%
1274.665
-3.100
0.243%
 
 
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