Gold price resumes rising – Analysis - 12-06-2019

Gold price shows more rise by today’s opening, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, and the way is open to achieve our first waited target at 1346.70.

The EMA50 supports the continuation of the suggested bullish bias, reminding you that breaching the mentioned level will extend the bullish wave to reach 1365.25 as a next main station, while holding above 1320.30 represents the first protection factor to the continuation of the positive scenario.

The expected trading range for today is between 1320.00 support and 1346.00 resistance.

The expected trend for today: Bullish