Midday update for Gold 29-04-2019
Economies.com
2019-04-29 09:45AM UTC
Gold price shows negative trades now to test the EMA50, and as we mentioned this morning, the bullish trend will remain suggested on the intraday basis to test 1302.60 level unless breaking 1275.30 and holding below it again, as breaking this level to reactivate the negative effect of the double top pattern and presses on the price for more bearish correction on the short term basis.
The expected trading range for today is between 1275.30 support and 1302.60 resistance.
The expected trend for today: Bullish
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