Gold price builds new bullish channel – Analysis - 15-04-2021
Economies.com
2021-04-15 01:43AM UTC
Gold price settled at the EMA50, and the last decline stopped at the bullish channel’s support line that its signs appear on the chart, accompanied by stochastic reach to the oversold areas, thus, we believe that the chances valid to rebound bullishly and resume the expected bullish trend for the upcoming period, which targets 1765.00 as a next station.
Therefore, we will keep our bullish overview unless breaking 1732.50 followed by 1723.00 levels and holding below them.
The expected trading range for today is between 1725.00 support and 1760.00 resistance.
The expected trend for today: Bullish
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