Gold price gets a positive signal – Analysis - 16-04-2020
Economies.com
2020-04-16 05:02AM UTC
Gold price keeps fluctuating around 1715.00 level, and still inside the bullish channel that appears on the chart, as it gets continuous positive support by the EMA50, while stochastic provides positive signals on the four hours’ time frame.
Therefore, we believe that the chances valid to resume the main bullish trend, which its next target located at 1775.00, while achieving it requires holding above 1700.00.
The expected trading range for today is between 1700.00 support and 1740.00 resistance.
The expected trend for today: Bullish
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