Gold price resumes rising – Analysis - 23-04-2020
Economies.com
2020-04-23 04:51AM UTC
Gold price achieved good gains yesterday and settled above 1700.00$ barrier, reinforcing the expectations of continuing the main bullish trend, which its first target located at 1747.43, noting that breaching this level will extend the bullish wave to reach 1780.00 areas.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1678.45, as breaking this level will press on the price to achieve more bearish correction that its next target located at 1635.80 before any new positive attempt.
The expected trading range for today is between 1695.00 support and 1740.00 resistance.
The expected trend for today: Bullish
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