Gold price tests the key support – Analysis - 22-03-2019

Economies.com
2019-03-22 05:18AM UTC

Gold price tested 1302.60 level and begins bouncing bullishly from there, as the EMA50 meets this level to add more strength to it, while stochastic moves near the oversold areas.

 

Therefore, the bullish bias will be suggested in the upcoming sessions, and the targets begin by surpassing 1320.00 to confirm opening the way to head towards 1346.73 as a next station, taking into consideration that breaking 1302.60 and holding below it will put the price under the correctional bearish pressure again.

 

The expected trading range for today is between 1300.00 support and 1330.00 resistance.

 

The expected trend for today: Bullish

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