Midday update for Gold 07-05-2019
Economies.com
2019-05-07 09:48AM UTC
Gold price fluctuates around 1282.00 level, and we still confirming breaching this resistance or breaking 1275.30 support to detect the next targets clearly, which keeps our neutrality valid until now.
The contradiction between the EMA50 positivity and stochastic negativity provide another reason for neutrality, and to review the details of the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1270.00 support and 1295.00 resistance.
The expected trend for today: Neutral
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