Commodities

Gold price braches the resistance – Analysis - 18-02-2019

2019-02-18 05:26:18 GMT (Economies.com)

Gold price confirmed breaching 1316.65 level after ending last week above it, to head towards achieving more expected gains in the upcoming period, organized inside the bullish channel that appears on the chart, supported by the EMA50, noting that our next targets located at 1247.50 followed by 1365.05.

 

We should note that the continuation of the suggested bullish wave depends on the price stability above 1305.00.

 

The expected trading range for today is between 1310.00 support and 1347.00 resistance.

 

The expected trend for today: Bullish

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