Gold price needs a strong positive motive – Analysis - 03-07-2020

2020-07-03 04:09:49 GMT (Economies.com)
 

Gold price keeps moving around the intraday bullish channel’s support line, getting continuous positive support by the EMA50, waiting to get enough positive momentum to push the price to resume the main bullish wave, which targets 1800.00 followed by 1850.00 levels.

 

Therefore, we will keep our bullish overview conditioned by the price stability above 1770.00 and the most important above 1750.00.

 

The expected trading range for today is between 1760.00 support and 1800.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1785
0.0075
0.6435%
1.3052
0.0037
0.2828%
Tadawul
7499.97
10.08
0.13%
28.209
3.962
16.340%
41.550
1.115
2.757%
44.64
-0.45
1.00%
2032.160
62.805
3.189%
 
 
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