Midday update for Gold 06-06-2019
Economies.com
2019-06-06 09:18AM UTC
Gold price resumes its positive trades on its way to test 1346.70 level, motivated by the positive signal provided now by stochastic, reminding you that breaching the mentioned level will push the price to achieve more gains that reach 1365.25 on the near term basis.
The EMA50 continues to support the price from below, to keep our positive overview conditioned by the price stability above 1302.60.
The expected trading range for today is between 1315.00 support and 1350.00 resistance.
The expected trend for today: Bullish
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