Gold price needs the positive momentum – Analysis - 07-04-2021

2021-04-07 03:18:07 GMT (Economies.com)
 

Gold price shows some slight bearish bias, affected by stochastic negativity that appears clearly on the four hours’ time frame, waiting to gather enough positive momentum to push the price to continue the expected bullish trend for the upcoming period, which targets 1765.00 as a next station.

 

The EMA50 continues to support the price from below, to keep our bullish overview conditioned by the price stability above 1723.00 and the most important above 1706.00.

 

The expected trading range for today is between 1720.00 support and 1760.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1974
0.0063
0.5289%
1.3781
0.0033
0.2375%
Tadawul
9847.62
27.59
0.28%
25.428
0.333
1.327%
62.898
2.508
4.153%
66.35
2.65
4.16%
1737.065
0.130
0.007%
 
 
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