Gold price tests the support base – Analysis - 01-02-2019
Economies.com
2019-02-01 05:11AM UTC
Gold price tests the support base formed above 1316.65 after breaching it previously, accompanied by stochastic reach to the oversold areas, while the EMA50 keeps supporting the price from below.
Therefore, these factors encourage us to continue suggesting the bullish trend for the upcoming period, which targets 1335.00 level as a next station, while its continuation conditions holding above 1316.65.
Expected trading range for today is between 1310.00 support and 1335.00 resistance.
Expected trend for today: Bullish
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