Gold price recovers – Analysis - 19-03-2019
Economies.com
2019-03-19 05:06AM UTC
Gold price continued its positive trading yesterday to close the daily candlestick above 1302.60 level, which reactivate the main bullish trend scenario again, and the price moves inside an intraday bullish channel that supports the chances of achieving more gains in the upcoming sessions, waiting to test 1320.00 level initially.
Therefore, the bullish bias will remain suggested for today unless breaking 1302.60 – 1298.00 levels and holding below them, noting that surpassing the mentioned target will push the price towards 1346.73 as a next main station.
The expected trading range for today is between 1295.00 support and 1320.00 resistance.
The expected trend for today: Bullish
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