Gold price breaches the resistance – Analysis - 03-01-2019
Economies.com
2019-01-03 05:24AM UTC
Gold price resumes its positive trading by today’s opening to breach 1286.70 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently in the upcoming period, which its next target extends to reach 1316.65.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, noting that breaking 1286.70 followed by 1275.00 levels might press the price to test 1262.50 areas initially before any new attempt to rise.
Expected trading range for today is between 1275.00 support and 1316.00 resistance.
Expected trend for today: Bullish
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