Gold price resumes rising – Analysis - 01-07-2020
Economies.com
2020-07-01 04:21AM UTC
Gold price resumed its positive trading to approach our first waited target at 1800.00, moving inside the bullish channels that appear on the chart, which support the chances of continuing the rise to head towards 1850.00 areas as a next main station.
Therefore, the bullish trend scenario will remain valid anda ctive for the upcoming period, supported by the EMA50, noting that the continuation of the bullish wave conditions holding above 1762.00 and the most important above 1741.50.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bullish
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