Gold price gets a negative signal – Analysis - 01-04-2019
Economies.com
2019-04-01 04:32AM UTC
Gold price keeps its stability below 1302.60 level, noticing that stochastic provides negative overlapping signal now, which forms negative motive that we are waiting to push the price to resume the expected bearish wave for the upcoming period, which targets testing 1275.30 level as a next main station.
Therefore, the correctional bearish trend will remain suggested in the upcoming sessions unless breaching 1302.60 level and holding above it again.
The expected trading range for today is between 1275.00 support and 1302.60 resistance.
The expected trend for today: Bearish
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