Gold price gathers the positive momentum – Analysis - 06-07-2020

2020-07-06 04:28:50 GMT (Economies.com)
 

Gold price shows sideways and tight trades and settles near the EMA50, noticing that stochastic got rid of its negative momentum and reaches the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which its main targets located at 1800.00 followed by 1850.00.

 

The EMA50 continues to support the expected bullish wave, which will remain valid conditioned by the price stability above 1755.00.

 

The expected trading range for today is between 1760.00 support and 1800.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1753
0.0043
0.3664%
1.3065
0.0050
0.3842%
Tadawul
7459.21
4.14
0.06%
24.308
0.061
0.252%
41.150
0.715
1.768%
44.43
0.91
2.09%
1973.740
4.385
0.223%
 
 
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