Gold price attempts to breach – Analysis - 27-03-2020
Economies.com
2020-03-27 05:19AM UTC
Gold price finds difficulty to surpass 1633.60 level, to show sideways trades around this level, waiting to get rid of the negative momentum and gains enough positive momentum to push the price to surpass the mentioned level and open the way to head towards 1689.30 that represents our next positive station.
The EMA50 keeps providing the positive support to the price, to continue suggesting the bullish trend for the upcoming period unless breaking 1599.10 level and holding below it.
The expected trading range for today is between 1610.00 support and 1660.00 resistance.
The expected trend for today: Bullish
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