Midday update for Gold 08-04-2020
Economies.com
2020-04-08 09:40AM UTC
Gold price keeps its consolidation above 1644.20 level, while stochastic begins to overlap positively on the four hours’ time frame, waiting to motivate the price to resume the bullish trend that targets 1703.25 as a next main station, to keep the bullish trend scenario valid and active for today unless breaking 1644.20 level and holding with a daily close below it.
The expected trading range for today is between 1635.00 support and 1680.00 resistance.
The expected trend for today: Bullish
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