Midday update for Gold 20-06-2019
Economies.com
2019-06-20 09:38AM UTC
Gold price shows some slight bearish bias affected by the strength of the bullish channel’s resistance that appears on the chart, as the price is affected by stochastic reach to the overbought areas, which shows the price need to get enough positive momentum to push trades to resume the main bullish trend, which its next target extends to reach 1433.60.
In general, we will continue to suggest the bullish trend in the upcoming period unless we witnessed clear break and hold below 1346.70.
The expected trading range for today is between 1365.00 support and 1400.00 resistance.
The expected trend for today: Bullish
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