Gold price is stable – Analysis - 04-04-2019
Economies.com
2019-04-04 04:14AM UTC
Gold price did not show any strong move in the previous sessions, and as long as the price is below 1302.60, our bearish overview will remain active, supported by the negative pressure formed by the EMA50, waiting to visit 1275.30 mainly.
We should note that breaking the targeted level will extend the correctional bearish wave to reach 1253.20 as a next main station.
The expected trading range for today is between 1270.00 support and 1302.60 resistance.
The expected trend for today: Bearish
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