Midday update for Gold 05-06-2020
Economies.com
2020-06-05 10:34AM UTC
Gold price did not show any strong move since morning, to continue fluctuating near the EMA50, thus, no change to the bullish trend scenario that depends on the price stability above 1691.10, reminding you that we are waiting to breach 1721.00 to reinforce the chances of rallying towards our first target at 1764.00.
The expected trading range for today is between 1690.00 support and 1750.00 resistance.
The expected trend for today: Bullish
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