Gold price loses momentum – Analysis - 03-05-2019
Economies.com
2019-05-03 04:14AM UTC
Gold price settles below 1275.30 level, noticing that stochastic loses its positive momentum to approach the overbought areas, which supports the chances of resuming the correctional bearish trend, which dominates the intraday and short term trades, reminding you that our next target is located at 1253.20.
Therefore, we will continue to suggest the bearish bias unless breaching 1275.30 followe by 1282.00 levels and holding above them.
The expected trading range for today is between 1255.00 support and 1282.00 resistance.
The expected trend for today: Bearish
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