Gold price tests the support – Analysis - 29-05-2019
Economies.com
2019-05-29 00:15AM UTC
Gold price provided negative trades yesterday to test the key support 1275.30, and as long as the price is above this level, our bullish overview will remain active on the intraday basis, supported by witnessing positive overlapping signal through stochastic, waiting to head towards 1302.60 as a next main station.
On the other hand, we should note that breaking 1275.30 and holding below it will stop the positive scenario and put the price under negative pressure that its main targets begin at 1253.20.
The expected trading range for today is between 1270.00 support and 1300.00 resistance.
The expected trend for today: Bullish
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