Commodities

Gold price achieves the extended targets – Analysis - 20-06-2019

2019-06-20 04:42:22 GMT (Economies.com)

Gold price begins today with sharp rise after confirming breaching 1346.70 level yesterday, to surpass our second waited target at 1365.25 and approaches 1400.00$ barrier, to keep the bullish trend suggested on the intraday and short term basis, organized inside the bullish channel that appears on the chart.

 

Therefore, we are waiting for more rise today supported by the EMA50, noting that the next target reaches 1433.60, taking into consideration that holding above 1346.70 is important to continue the suggested rise.

 

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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