Gold price loses momentum – Analysis - 03-04-2019
Economies.com
2019-04-03 04:20AM UTC
Gold price provides calm positive trades to move around 1290.00, while stochastic shows clear overbought signals now, which forms negative factor that we are waiting to press on the price to decline again, as the correctional bearish trend still dominant on the intraday trades, waiting to test 1275.30 level mainly.
The EMA50 supports the negative overview, which its continuation conditions holding below 1302.60.
The expected trading range for today is between 1270.00 support and 1302.60 resistance.
The expected trend for today: Bearish
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