Gold price continues the positive attempts – Analysis - 11-05-2021
Economies.com
2021-05-11 00:12AM UTC
Gold price approached 1847.00 level but it bounced bearishly to settle below 1838.00, noticing that stochastic gets rid of its negative momentum clearly, waiting to motivate the price to resume the main bullish trend, which its next target extends to 1865.00.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 1825.00.
The expected trading range for today is between 1820.00 support and 1855.00 resistance.
The expected trend for today: Bullish
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