Gold price breaks the support – Analysis - 02-05-2019
Economies.com
2019-05-02 04:06AM UTC
Gold price traded negatively yesterday and begins today with more decline to break 1275.30 level and settles below it, which puts the price under the correctional bearish pressure again, to turn to decline and visit 1253.20 level initially.
Therefore, the bearish trend will be suggested in the upcoming sessions unless breaching 1275.30 followed by 1282.00 levels and holding above them, reminding you that surpassing the mentioned target will push the price towards 1231.10 as a next station.
The expected trading range for today is between 1260.00 support and 1285.00 resistance.
The expected trend for today: Bearish
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