Gold price leans on the moving average – Analysis - 07-01-2019
Economies.com
2019-01-07 05:24AM UTC
The EMA50 managed to form solid support base to stop Gold price’s recent decline, noticing that the price steps above 1286.70 level again, which supports the continuation of our bullish overview in the upcoming period, which its next target located at 1316.65.
Stochastic provides positive signals that support the continuation of the suggested rise, which its continuation conditions holding above 1286.70 and 1276.00 levels.
Expected trading range for today is between 1280.00 support and 1316.00 resistance.
Expected trend for today: Bullish
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