Gold price is stable – Analysis - 04-11-2019

Economies.com
2019-11-04 05:51AM UTC

Gold price settles around 1510.00 level, noticing that stochastic provides positive signals now, while the EMA50 continues to support the price from below.

 

Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 1535.00 followed by 1555.00 levels as next main stations, reminding you that it is important to hold above 1489.00 to continue the expected rise.

 

The expected trading range for today is between 1500.00 support and 1530.00 resistance.

 

The expected trend for today: Bullish

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