Gold price attempts positively – Analysis - 08-04-2020
Economies.com
2020-04-08 05:00AM UTC
Gold price provided clear positive trades yesterday but it returns to test the key support 1644.20, accompanied by stochastic reach to the oversold areas, waiting to assist to push the price to rise again and head towards our main waited target at 1703.25.
Therefore, the bullish trend scenario will remain valid for the upcoming period conditioned by the price stability above 1644.20, noting that breaking this level will press on the price to decline towards 1607.70 initially before any new positive attempt.
The expected trading range for today is between 1635.00 support and 1680.00 resistance.
The expected trend for today: Bullish
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