Gold price within sideways track – Analysis - 01-05-2019

Economies.com
2019-05-01 03:43AM UTC

Gold price continues to fluctuate within sideways track around the EMA50, and as long as the price is above 1275.30, our bullish overview will remain valid for the upcoming period, and the price needs to get enough positive momentum to push trades to visit 1302.60 level that represents our next main target.

 

The expected trading range for today is between 1270.00 support and 1302.60 resistance.

 

The expected trend for today: Bullish

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