Commodities

Gold price loses momentum – Analysis - 19-04-2019

2019-04-19 03:59:36 GMT (Economies.com)

Gold price continues to fluctuate around 1275.30 level, and the negative effect of the triple top still active, thus, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 1253.20 followed by 1231.13 levels mainly.

 

We remind you that the continuation of the expected bearish trend depends on the price stability below 1275.30 and 1282.00 levels.

 

The expected trading range for today is between 1253.20 support and 1282.00 resistance.

 

The expected trend for today: Bearish

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