Gold price leans on the moving average – Analysis - 10-05-2019
Economies.com
2019-05-10 01:03AM UTC
Gold price continues to fluctuate around 1285.00 level, keeping its stability above the EMA50 that provides the positive support to the price, to keep the bullish trend suggested on the intraday basis, reminding you that our main waited target is located at 1302.60.
We should note that breaking 1275.30 will stop the positive overview and press on the price to decline towards 1253.20 as a next correctional target.
The expected trading range for today is between 1275.00 support and 1300.00 resistance.
The expected trend for today: Bullish
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