Gold price tests the support base – Analysis - 06-08-2019
Economies.com
2019-08-06 05:02AM UTC
Gold price shows some bearish bias to approach testing 1450.00 level again, affected by stochastic negativity, noting that holding above this level represents the first protecting factor to the continuation of the expected bullish trend, which targets 1500.00 level mainly.
In general, we will continue to suggest the bullish trend that gets continuous positive support by the EMA50 unless breaking 1450.00 followed by 1435.00 levels and holding below them.
The expected trading range for today is between 1450.00 support and 1480.00 resistance.
The expected trend for today: Bullish
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