Gold price crawls upwards – Analysis - 13-05-2019

Economies.com
2019-05-13 00:53AM UTC

Gold price fluctuates with calm positivity to approach the resistance line 1291.00, and the price needs to breach this level to reinforce the expectations of continuing the intraday bullish trend, which targets 1302.60 level as a next main station.

 

Therefore, we will continue to suggest the bullish trend, supported by the EMA50, reminding you that holding above 1275.30 represents key condition to achieve the waited targets.

 

The expected trading range for today is between 1275.00 support and 1302.00 resistance.

 

The expected trend for today: Bullish

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