Gold price tests the support – Analysis - 12-07-2019
Economies.com
2019-07-12 04:54AM UTC
Gold price traded negatively yesterday to test the key support 1400.30, as it kept its stability above it, noticing that stochastic provides positive overlapping signal now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its first target located at 1438.90.
Therefore, we will continue to suggest the bullish trend for today unless breaking 1400.30 and holding with a daily close below it.
The expected trading range for today is between 1390.00 support and 1430.00 resistance.
The expected trend for today: Bullish
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