Gold price gets the positive momentum – Analysis - 03-06-2020
Economies.com
2020-06-03 03:33AM UTC
Gold price provided negative trades yesterday to approach the key support 1719.00, fluctuating around the EMA50 now, 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 for the upcoming period, which targets 1764.00 level initially.
Therefore, the bullish trend scenario will remain valid and active for today, reminding you that breaking 1719.00 will push the price to test the most important support at 1691.10 before any new positive attempt.
The expected trading range for today is between 1715.00 support and 1760.00 resistance.
The expected trend for today: Bullish
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