Gold price breaches the resistance – Analysis - 29-04-2019
Economies.com
2019-04-29 04:35AM UTC
Gold price confirmed breaching 1282.00 level after closing the daily candlestick above it, to turn towards achieving potential gains in the upcoming sessions, and it is expected to head towards testing 1302.60 mainly.
Therefore, the bullish bias will be suggested for today supported by moving above the EMA50, noting that breaking 1275.30 will stop the expected rise and push the price to return to the correctional bearish track again.
The expected trading range for today is between 1275.30 support and 1302.60 resistance.
The expected trend for today: Bullish
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