Commodities

Midday update for Gold 14-06-2019

2019-06-14 10:35:59 GMT (Economies.com)

Gold price succeeded to breach 1346.70 level and settles above it now, which supports the continuation of our bullish trend expectations for the rest of the day, and the way is open to achieve our next main target at 1365.25, supported by the EMA50, noting that holding above 1346.70 turns to become key support that represents initial condition to continue the suggested positive scenario.

 

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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