Gold resumes rising – Analysis - 16-04-2018
Economies.com
2018-04-16 03:55AM UTC
Gold price begins today’s trading with calm bullish bias that hints the attempt to resume the main bullish trend, after the price tested the key support 1335.40 in the previous sessions, and the price needs to get enough positive momentum to rally towards our first target at 1365.97.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1335.40, noting that breaching the first target will push the price towards 1400.00 as a next main station.
Expected trading range for today is between 1335.00 support and 1370.00 resistance.
Expected trend for today: Bullish
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