Midday update for Gold 14-04-2020
Economies.com
2020-04-14 10:24AM UTC
Gold price settles around 1720.00 level since morning, and the price continues to move inside the bullish channel that appears on the chart, which supports the expectations of continuing the bullish trend in the upcoming period, reminding you that our next station is located at 1770.00.
Therefore, the positive scenario will remain suggested for today conditioned by the price stability above 1703.25, noting that the EMA50 keeps supporting the expected bullish wave.
The expected trading range for today is between 1700.00 support and 1750.00 resistance.
The expected trend for today: Bullish
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