Gold price confirms the breach – Analysis - 14-04-2020
Economies.com
2020-04-14 04:56AM UTC
Gold price confirmed breaching 1703.25 level after closing the daily candlestick above it, reinforcing the expectations of achieving more gains on the short term and medium term basis, and the way open to head towards our next target at 1770.00.
Therefore, the bullish trend will remain dominant in the upcoming sessions, supported by the EMA50, noting that breaking 1703.25 will press on the price to start correctional bearish wave on the intraday basis before any new attempt to rise.
The expected trading range for today is between 1700.00 support and 1750.00 resistance.
The expected trend for today: Bullish
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