Midday update for Gold 07-04-2020
Economies.com
2020-04-07 10:36AM UTC
Gold price tested the supported base formed above 1644.20 and keeps its stability above it, to keep the bullish trend scenario valid for today, supported by the EMA50 that carries the price from below, waiting to head towards 1703.25 that represents our next main target.
We remind you that breaking 1644.20 will stop the suggested rise and press on the price to visit 1607.70 before any new positive attempt.
The expected trading range for today is between 1645.00 support and 1690.00 resistance.
The expected trend for today: Bullish
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