Gold price tests the support – Analysis - 04-06-2020
Economies.com
2020-06-04 04:57AM UTC
Gold price tested 1691.10 level and bounced upwards clearly from there, to head towards resuming the main bullish trend, supported by the positive signal provided now by stochastic, waiting to achieve more rise to visit the recently recorded top at 1764.00 as a first positive target.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, reminding you that breaking 1691.10 will press on the price to achieve more bearish correction and head towards 1646.00 as a next correctional station.
The expected trading range for today is between 1690.00 support and 1750.00 resistance.
The expected trend for today: Bullish
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