Gold price keeps achieving gains – Analysis - 09-07-2020

2020-07-09 04:01:46 GMT (Economies.com)
 

Gold price shows more rise and approached from the second waited target at 1825.00, affected by stochastic negativity to provide some slight negative trades now, waiting to get enough positive momentum to push the price to resume the main bullish trend, which its next target located at 1855.00.

 

The EMA50 keeps providing the positive support to the price, which moves organized inside the bullish channels that appear on the chart, thus, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1766.00.

 

The expected trading range for today is between 1795.00 support and 1830.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1755
0.0045
0.3809%
1.3064
0.0049
0.3788%
Tadawul
7459.21
4.14
0.06%
24.262
0.015
0.062%
41.190
0.755
1.867%
44.29
0.78
1.79%
1972.255
2.900
0.147%
 
 
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