Midday update for Gold 08-05-2019

Economies.com
2019-05-08 10:04AM UTC

Gold price shows positive trading to move away from 1282.00, reinforcing the expectations of continuing the expected bullish trend for today, which gets positive support by the EMA50, waiting to test 1302.60 level as a next main station, reminding you that the continuation of the suggested rise depends on the price stability above 1282.00 and 1275.30 levels.

 

The expected trading range for today is between 1275.00 support and 1300.00 resistance.

 

The expected trend for today: Bullish

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