Gold price gathers the positive momentum – Analysis - 05-06-2019
Economies.com
2019-06-05 04:09AM UTC
Gold price fluctuates within sideways track since yesterday and settles around 1325.00, and it needs to get rid of its negative momentum and get enough positive momentum to push trades to resume the main bullish trend, which targets 1346.70 level as a next station.
In general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1302.60, noting that the EMA50 keeps supporting the suggested bullish wave.
The expected trading range for today is between 1315.00 support and 1346.00 resistance.
The expected trend for today: Bullish
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