Gold price tests the support – Analysis - 14-03-2019

Gold price shows some bearish bias now to test the key support 1302.60, as the price is affected by stochastic negativity, which attempts to get rid of its negative momentum to get positive motive that supports the expectations of continuing the main bullish trend.

The EMA50 meets the above mentioned level to add more strength to it, which encourages us to continue suggesting the bullish trend in the upcoming period, reminding you that our main targets begin at 1320.00 followed by 1346.73, while breaking 1302.60 represents negative factor that will press on the price to return to the correctional bearish track again.

The expected trading range for today is between 1295.00 support and 1330.00 resistance.

The expected trend for today: Bullish