Gold price confirms the breach – Analysis - 03-04-2020

2020-04-03 05:04:04 GMT (Economies.com)
 

Gold price confirmed breaching 1599.10 level after closing the daily candlestick above it, to support the expectations of continuing the bullish trend, waiting to test 1633.60 as a next positive station, reminding you that breaching this level will extend the bullish wave to reach 1689.30 areas on the near term basis.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, reminding you that the continuation of the bullish wave conditions holding above 1571.20.

 

The expected trading range for today is between 1590.00 support and 1650.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1753
0.0043
0.3642%
1.3065
0.0050
0.3815%
Tadawul
7459.21
4.14
0.06%
24.305
0.058
0.237%
41.180
0.745
1.843%
44.40
0.88
2.02%
1973.695
4.340
0.220%
 
 
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