Gold price gets a positive signal – Analysis - 04-07-2019

Gold price continues to fluctuate around 1425.00, and the price still organized inside the bullish channel that appears on the chart, noticing that stochastic begins to provide positive overlapping signal now, which forms positive motive that we are waiting to assist to push the price to resume the main bullish trend, which its targets begin by breaching 1439.00 to open the way to rally towards 1500.00.

Therefore, our bullish overview will remain valid and active for the upcoming period unless breaking 1400.00 and holding below it.

The expected trading range for today is between 1410.00 support and 1440.00 resistance.

The expected trend for today: Bullish