Gold price loses momentum – Analysis - 25-04-2019
Economies.com
2019-04-25 04:19AM UTC
Gold price continues to fluctuate around 1275.30 level, and the EMA50 keeps pressing negatively on the price, noticing that stochastic begins to provide negative overlapping signal now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, which its next main targets located at 1253.20 followed by 1231.10, reminding you that breaching 1282.00 will stop the suggested decline and push the price to test 1302.60 before determining the next destination clearly.
The expected trading range for today is between 1253.20 support and 1290.00 resistance.
The expected trend for today: Bearish
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