Gold price resumes rising
Hello everyone.
The gold price is showing slight negative trading, affected by the negativity of the Stochastic indicator, waiting to gather positive momentum that will contribute to pushing the price to resume the expected rise for today, whose first target is at 2200.00.
The moving average 50 continues to support the proposed bullish wave, which will remain in place unless the 2160 level is broken and holds below it, as breaking this level will put pressure on the price to start a downward correction, with its first target reaching 2131.
The expected trading range for today is between support 2160 and resistance 2177
The gold price is showing slight negative trading, affected by the negativity of the Stochastic indicator, waiting to gather positive momentum that will contribute to pushing the price to resume the expected rise for today, whose first target is at 2200.00.
The moving average 50 continues to support the proposed bullish wave, which will remain in place unless the 2160 level is broken and holds below it, as breaking this level will put pressure on the price to start a downward correction, with its first target reaching 2131.
The expected trading range for today is between support 2160 and resistance 2177
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