Midday update for Gold 29-05-2020
Economies.com
2020-05-29 10:15AM UTC
Gold price tests the bearish channel’s resistance now, noticing that stochastic provides positive overlapping signal that supports the chances of breaching the mentioned resistance to rally towards continuing the rise on the intraday and short term basis, to keep the bullish trend scenario valid and active for today, reminding you that our next targets reach 1764.00 followed by 1810.00, while achieving them requires holding above 1691.10.
The expected trading range for today is between 1700.00 support and 1750.00 resistance.
The expected trend for today: Bullish
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