Gold price keeps its negative stability – Analysis - 23-04-2019
Economies.com
2019-04-23 04:12AM UTC
Gold price bounced bearishly after retesting the broken neckline of the triple top pattern, to start pressing on 1275.30 level now, which supports the continuation of our bearish overview in the upcoming period, supported by the negative pressure that the EMA50 continues to provide.
Our next target is located at 1253.20, and breaking it will push the price to 1231.10 direct, noting that breaching 1282.00 will stop the expected decline and push the price to test 1302.60 before any new negative attempt.
The expected trading range for today is between 1260.00 support and 1285.00 resistance.
The expected trend for today: Bearish
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