Commodities

Gold price crawls upwards – Analysis - 02-01-2019

2019-01-02 04:49:38 GMT (Economies.com)

Gold price shows calm positive trades to gradually approach our waited target at 1286.70, to keep the bullish trend scenario valid until now, supported by the EMA50, reminding you that breaching the mentioned level will lead the price to visit 1316.65 level as a next station, while holding above 1262.50 represents key condition to continue the suggested rise.

 

Expected trading range for today is between 1270.00 support and 1300.00 resistance.

 

Expected trend for today: Bullish

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