Gold price still stuck – Analysis - 07-05-2019
Economies.com
2019-05-07 02:16AM UTC
Gold price continues to fluctuate around 1282.00 level, and still stuck between this resistance and 1275.30 resistance, and as we mentioned yesterday, the price needs to surpass one of these levels to detect its destination clearly, which makes us continue with our neutrality until now.
We remind you that breaching the mentioned resistance will push the price to achieve gains that start at 1302.60, while breaking the support will press on the price to resume the correctional bearish wave that its next target located at 1253.20.
The expected trading range for today is between 1270.00 support and 1295.00 resistance.
The expected trend for today: Neutral
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