Gold price tests the support – Analysis - 17-07-2019
Economies.com
2019-07-17 02:59AM UTC
Gold price made new test to 1400.30 level and kept its stability above it, to keep the bullish trend scenario active for the upcoming period, as the price moves inside a symmetrical triangle pattern that its signs appear on the chart, waiting to breach 1423.00 to ease the mission of heading towards our first main target at 1438.90.
On the other hand, we should note that breaking 1400.30 will press on the price for more bearish correction and visit 1376.30 areas on the near term basis.
The expected trading range for today is between 1395.00 support and 1425.00 resistance.
The expected trend for today: Bullish
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