Commodities

Gold price touches the first target – Analysis - 14-06-2019

2019-06-14 04:45:23 GMT (Economies.com)

Gold price succeeded to touch 1346.70 level and attempts to breach it now, which supports the expectations of extending the bullish wave on the short term basis, reminding you that our next target reaches 1365.25.

 

Therefore, we are waiting for more rise in the upcoming sessions supported by the EMA50, noting that the continuation of the expected rise conditions holding above 1320.30.

 

The expected trading range for today is between 1335.00 support and 1365.00 resistance.

 

The expected trend for today: Bullish

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