Gold price crawls downwards – Analysis - 28-03-2019

Economies.com
2019-03-28 04:58AM UTC

Gold price shows slight negative trades to settle below the intraday bullish channel’s support line, noticing that stochastic shows oversold signals now, waiting to motivate the price to rebound bullishly to resume the main expected trend for the upcoming period, which targets 1346.73 areas mainly.

 

We remind you that the continuation of the suggested bullish wave depends on the price stability above 1302.60, as breaking this level will put the price under negative pressure that its next main target located at 1275.30.

 

The expected trading range for today is between 1300.00 support and 1330.00 resistance.

 

The expected trend for today: Bullish

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