Gold price leans on the moving average – Analysis - 18-06-2019
Economies.com
2019-06-18 04:32AM UTC
Gold price leaned on the EMA50 yesterday and begins bouncing bullishly from there, to approach 1346.70 barrier now, waiting to breach this level to confirm the continuation of the expected positive scenario on the intraday and short term basis, which its next main target located at 1365.25.
We should note that holding above 1326.00 is important to achieve the suggested targets, as breaking it will press on the price to decline towards testing 1302.60 areas before any new attempt to rise.
The expected trading range for today is between 1330.00 support and 1360.00 resistance.
The expected trend for today: Bullish
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