Gold price exits the channel – Analysis - 06-04-2021

2021-04-06 04:22:55 GMT (Economies.com)
 

Gold price confirmed breaching the bearish channel’s resistance, showing new positive trades by today’s open, which leads the price to achieve more expected gains on the intraday and short term basis, on its way to visit 1765.00 as a next main target.

 

The EMA50 supports the suggested positive scenario, which will remain valid unless we witnessed clear break and hold below 1709.00.

 

The expected trading range for today is between 1715.00 support and 1760.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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