Midday update for Gold 19-07-2019
Economies.com
2019-07-19 10:42AM UTC
Gold price tests the key support 1438.90 now, as the price is affected by stochastic negativity, which urges caution from the upcoming trading, as continuing the negative pressure and confirming breaking the mentioned level will push the price to visit 1408.00 before any new positive attempt.
The EMA50 continues to provide the positive support to the price, to keep our bullish overview conditioned by the price stability above 1438.90.
The expected trading range for today is between 1430.00 support and 1460.00 resistance.
The expected trend for today: Bullish
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