Gold price gains the positive momentum – Analysis - 17-06-2019

Gold price found difficulty to hold for long time above 1346.70, noticing that the price begins today with calm bullish bias that hints heading to resume the positive attempts, accompanied by stochastic reach to the oversold areas, which supports the chances of continuing the bullish bias in the upcoming sessions, waiting to confirm breaching the mentioned level to open the way to head towards 1365.25 that represents our next main target.

Therefore, our bullish overview will remain valid, supported by the EMA50, conditioned by the price stability above 1326.00.

The expected trading range for today is between 1330.00 support and 1360.00 resistance.

The expected trend for today: Bullish