Commodities

Gold price surpasses the first target – Analysis - 19-07-2019

2019-07-19 04:55:25 GMT (Economies.com)

Gold price succeeded to confirm breaching 1438.90 level after closing the daily candlestick above it, confirming the extension of the bullish wave on the intraday and short term basis, on its way to achieve more expected gains in the upcoming period, noting that our next main target is located at 1500.00.

 

The EMA50 continues to support the suggested bullish wave, noting that breaking 1438.90 might press on the price to test 1408.00 areas before any new attempt to rise.

 

The expected trading range for today is between 1430.00 support and 1460.00 resistance.

 

The expected trend for today: Bullish

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