Gold price needs the positive momentum – Analysis - 15-07-2019
Economies.com
2019-07-15 04:24AM UTC
Gold price begins today’s trading with slight bearish bias on its way to test the EMA50, affected by stochastic negativity, but as long as the price is above 1400.30, our bullish overview will remain active for the upcoming period, waiting to visit 1438.90 as a next main station.
The price needs to get enough positive momentum to push trading to resume the expected bullish trend, taking into consideration that breaking 1400.30 and holding below it will put the price under the correctional bearish pressure again.
The expected trading range for today is between 1400.00 support and 1430.00 resistance.
The expected trend for today: Bullish
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