Gold price is stable – Analysis - 06-02-2019

2019-02-06 04:50:36 GMT (Economies.com)
Gold price is stable – Analysis - 06-02-2019
 

Gold price settles below 1316.65 level, and stochastic continues to provide the negative signals, to keep the bearish trend scenario valid for the upcoming period, and it needs to break 1309.00 to ease the mission of heading towards our waited targets that begin at 1294.00 followed by 1286.70.

 

We remind you that breaching 1316.65 will stop the suggested bearish bias and lead the price to resume the short term bullish trend, which its next target located at 1335.00.

 

The expected trading range for today is between 1296.00 support and 1325.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1080
-0.0018
0.1640%
1.2133
-0.0021
0.1757%
16.869
-0.235
1.376%
56.135
1.335
2.436%
59.78
1.14
1.94%
1495.845
-16.420
1.086%
 
 
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