Midday update for Gold 03-04-2020
Economies.com
2020-04-03 10:41AM UTC
Gold price did not show any strong move since morning, to continue fluctuating around 1610.00 level, thus, no change to the bullish trend scenario that depends on the price stability above 1571.20, supported by the EMA50, noting that stochastic current negativity interprets the reasons of the recent sideways fluctuation, while our positive targets begin at 1633.60 and extend to 1689.30 after breaching the previous level.
The expected trading range for today is between 1590.00 support and 1650.00 resistance.
The expected trend for today: Bullish
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