Gold price breaches the resistance
Gold price achieved clear breach to 1489.00 level and settled above it, which stops the correctional bearish scenario and leads the price to return to the main bullish track again, on its way to achieve gains that reach 1556.70 on the near term basis.
Therefore, the bullish trend will be suggested for today, supported by moving above the EMA50, noting that the expected rise depends on the price stability above 1489.00.
The expected trading range for today is between 1490.00 support and 1520.00 resistance.
The expected trend for today: Bullish


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics