Gold price recovers – Analysis - 24-05-2019
Economies.com
2019-05-24 00:43AM UTC
Gold price provided clear positive trading yesterday, to breach the bearish correctional trend resistance and settles above it, which pushes the price to achieve potential gains in the upcoming sssions, in its way to test 1302.60 level initially.
Therefore, the bullish trend will be expected for today, conditioned by holding above 1275.30, pointing that breaching the targeted level will extend the bullish wave to reach 1320.00 then 1346.70 levels.
The expected trading range for today is between 1275.00 support and 1302.60 resistance.
The expected trend for today: Bullish
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