Gold price loses momentum – Analysis - 05-03-2019
Economies.com
2019-03-05 05:10AM UTC
Gold price continues to fluctuate around 1285.00 level, noticing that stochastic begins to lose the positive momentum gradually, which supports the chances of resuming the correctional bearish wave, which its next target located at 1275.30.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1302.60 level and holding above it, reminding you that breaking the targeted level will push the price towards the next correctional level at 1253.20.
The expected trading range for today is between 1275.00 support and 1300.00 resistance.
The expected trend for today: Bearish
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