Midday update for Gold 28-05-2019
Economies.com
2019-05-28 09:53AM UTC
Gold price leaned on the EMA50 and attempts to build bullish wave now, accompanied by stochastic reach to the oversold areas, which supports the chances of continuing the expected bullish trend scenario for the upcoming period, waiting to visit 1302.60 that represents our next main target, noting that breaking 1275.30 will stop the suggested rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 1275.00 support and 1302.60 resistance.
The expected trend for today: Bullish
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