Gold price resumes rising – Analysis - 25-03-2019
Economies.com
2019-03-25 05:20AM UTC
Gold price returns to rise after testing the intraday bullish channel’s support line that appears on the chart, to resume the expected bullish track for the upcoming period, which targets breaching 1320.00 level to confirm opening the way to head towards 1346.73 as a next main station.
Therefore, we will continue to suggest the bullish trend supported by the EMA50 unless breaking 1302.60 level and holding below it, as breaking this level will press on the price to return to the correctional bearish track again.
The expected trading range for today is between 1305.00 support and 1335.00 resistance.
The expected trend for today: Bullish
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